Monday, September 19, 2011

EURUSD 19 Sep 2011

Took a long position in Eur/Usd when the Tenkan-Sen cut the kijun-Sen below the kumo cloud. The position was established after a bull candle closed above the 2 line crosses.

Another long position was established when the price when for a new high.

A third position was established when the price retraced back to Tenkan-Sen.

The price action was choppy even though there is strength in the price itself as showed by the chikou span cutting from below to above both the Tenkan-sen and Kijun-sen.

Nevertheless, traded as plan. Was stopped out eventually. A losing trade for the start of the week.

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