EURUSD LONG TRADE

5 feb 2017

Price Action for the current state of the EURUSD suggest that long ideas are the most ideal for traders and investors. The currency market doesn't open until about 5-6pm est in the US, but this setup was established on friday before close of the markets. I will start to make these ideas as current as when I get into the trades from now on, but understand that if you execute good risk reward managment then you will be on the path to profitability. Let' s see how this plays out :)

6 feb 2017

Trade chiuso: stop raggiunto

Latest information- the stop was reached, which happens from time to time but the good thing about how I set the trade up is that I have a 20 pip stop loss, so based on market activity it was able to move up 20 pips and once that happened I moved up the stop loss to the entry level, so when it reversed it was closed with practically no loss...almost like a test run. How is that for risk management?!!