Trading Parameters:
-1hr chart
-Analysis timeline Daily- 5am to 5am blocks
-Daily High and Low points base on Timeline Block
-Profit and Loss targets are based on 100% of block movement set at 82.5% Profit target and 32.5% Loss target movement.
-To open trades based on personal trade indicators which are: Box trade, Xtrade trade, Trend trade and Expan Trade.
In todays EURUSD Trade.
Based on my own research on my trading strategy. Chart pattern shows a Trend Trade. However the trend seems to have a major reversal in price movement from its strong Bullish Movement.
So open Trade will be Trend trade (reversal).
Trade points:
Open:1.08671
Profit:1.08337 (334/33.4points)
Loss:1.08469 (132/13.2points)
The strategy takes account of the previous days movement for the opening trade which is 405/40.5points. Based on the movement, Profit and loss at 82.5% and 32.5% respectively are as follows Profit: 334/34.4 points / Loss: 132/13.2 points.
For the strategy signals, 2 trend lines are plotted on the chart, with each trend line plotted at the highs and lows of the prior 2 days of the opening trade. Then 2 horizontal lines are placed within the 2 day blocks at the Lowest High point and the Highest Low point.
Based on what pattern the 2 trendlines and 2 horizontal lines portray altogether. will determine the type of trade that will be opened.
Thank you for your time on reading this Idea. This is just a rough explanation on my strategy. I will be sharing more on my trading statistics in the coming Ideas
-1hr chart
-Analysis timeline Daily- 5am to 5am blocks
-Daily High and Low points base on Timeline Block
-Profit and Loss targets are based on 100% of block movement set at 82.5% Profit target and 32.5% Loss target movement.
-To open trades based on personal trade indicators which are: Box trade, Xtrade trade, Trend trade and Expan Trade.
In todays EURUSD Trade.
Based on my own research on my trading strategy. Chart pattern shows a Trend Trade. However the trend seems to have a major reversal in price movement from its strong Bullish Movement.
So open Trade will be Trend trade (reversal).
Trade points:
Open:1.08671
Profit:1.08337 (334/33.4points)
Loss:1.08469 (132/13.2points)
The strategy takes account of the previous days movement for the opening trade which is 405/40.5points. Based on the movement, Profit and loss at 82.5% and 32.5% respectively are as follows Profit: 334/34.4 points / Loss: 132/13.2 points.
For the strategy signals, 2 trend lines are plotted on the chart, with each trend line plotted at the highs and lows of the prior 2 days of the opening trade. Then 2 horizontal lines are placed within the 2 day blocks at the Lowest High point and the Highest Low point.
Based on what pattern the 2 trendlines and 2 horizontal lines portray altogether. will determine the type of trade that will be opened.
Thank you for your time on reading this Idea. This is just a rough explanation on my strategy. I will be sharing more on my trading statistics in the coming Ideas