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The trade of the day (a very easy one and 100 pips for the pocket)

Posted on March 27, 2009 at 5:15 in Market comments by David Aranzabal

Update: +250 pips at this time 12:44 GMT. I’m closing the rest of the trade at 1,3310 (close to double 00). We are oversold, so be careful, the price can reverse.

Today we have got a very easy setup in EUR/USD and GBP/USD. Let’s see how we could profit from the European Opening:
- MACD Divergence in 5min. chart
- Trendline Broken just at the beginning of the Frankfurt opening.
- Lower Highs, Lower lows.
- Entry point at the breakout or waiting to the retracement (2 opportunities).
- Stop above the previous swing high.
- Go with the flow. + 100 pips at this moment. (Partial profit taking at +20 pips)

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4 Responses to “The trade of the day (a very easy one and 100 pips for the pocket)”

on 27 Mar 2009 at 9:37 am1Constantino P.

Good work, David! Very nice profits. Prsonnaly, as a scalper I go for much less. But today was a day for you! Keep going!
on 27 Mar 2009 at 4:12 pm2namson

I was very glad when i discovered this site early today
and could finish analyzing the trade news from your site while the market unfold. unfortunately i could not catch any thing from the strong move.
well i want to ask if their is any way someone can be getting a trade alert from a reliable source. the entry and exit point.
thanks for the wonderful news update.
on 30 Mar 2009 at 4:44 am3David Aranzabal

Hi Constantino,
It’s nice to see you on my blog.
I know your scalping style goes for less pips because you never let the price going against you, but you are the best I know in doing that, so keep scalping !!!
Actually I always take partial profit very fast, as well as you do but I let some part of the trade going with the flow. I call that lot the “runner”
Glad to see you here, Constantino.
on 30 Mar 2009 at 5:52 am4David Aranzabal

Hi Namson,
I’m glad you discovered the blog on Friday.
Don’t worry if you didn’t catch the rally last day. Everybody miss big rallies sometimes, even when you have been trading for a while.
Unfortunately I can’t recommend you any trading signal service because It’s not in the scope of this blog but you may have a look at http://www.fxstreet.com/technical/forex-signals/
My best advice it’s not follow any trading signal service and learn by yourself how profit from the markets. In fxstreet you’ll find tons of free resources to progrees.
http://www.fxstreet.com/education/
In addition to this, if you follow this blog you’ll learn how to trade as I’m sharing with you lots of setups that happens everyday in the Forex arena.
Thank for your comments!

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