Today we started losing in Eur but we recover the loses in the second trade. We missed the rest of the party because we closed the trade as soon as we archived break even for the day. But we don’t care because our first goal is not losing money. On cable we got almost 80 pips. Both pairs behaved very similar this morning after a double bottom pattern in 60m charts.

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Today we got a nice trade in Cable, we were almost stopped out but finally we got our 100 pips at the European Opening.

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We ride up Cable today

Today we were expecting a move to the downside in Cable as we got double MACD divergence before the European Opening.
But soon we realized that the price formed a triple bottom at the Asian support so changed bias. We passed the first opportunity just to make sure the move was on the upside.
We waited and entered on the long side for a nice trade.

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Patience is the key in Forex Trading !!

Today we’ve got a boring start of the European Session, within a tiny range for some time. But finally the price broke the consolidation channel and we got a nice move to the upside in cable. Nice trade considering that we were trapped on a range for long time.

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IFO day in Eur. We just wait to the price to confirm the direction and we ended up with a nice session, dealing with the news release at the same time.
We are in 2 or 3 days of uptrend, MACD very healthy at the Frankfurt open but close to the 61% retracement from the previous leg down, so we were suspicious because the retracement to the down side was possible.

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Today we got a continuation of the upside move at the second chance. Our entry in the breakout was stopped out but thanks to our money management techniques we got a overall positive day. This is a good example abut how to manage your risk in the Forex Market.

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EUR/USD and European Opening = Lots of opportunities everyday

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European Bank Holiday, we were trading very carefully but we got a very nice move to the upside. + 100 pips.

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A 100 pips trade before BOE.

Today the 1,4770 level in GBP/USD hold once again (three times in the last three days). This is the trading log:

- Price rejected at 1,4770 level and forming a 123 pattern.
- 123 breakout confirmed. First entry opportunity.
- The price retraces twice (2 more opportunities)
- Ascending 5m. trendline broken
- Price touches 60m range support before 8:30 GMT News.
- Watch out BOE.

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Tricky sesion today, but profitable.

Asian support breakout, the price reversed and broke the descending trendline, heading up.

- Doji candle formation
-MACD divergence in 60m and 5m.
-Trendline broken.
- First trade in Break even (short EUR/USD)  but second one profitable (Long EUR/USD)
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