Friday, September 23, 2011

EURUSD 22 Sep 2011















Price had been trending downwards recently.

Decided to establish a position when price was trading above the kumo cloud.

The entry setup was when the tenkan-sen cut below jikun-sen while above the kumo cloud. And the price was lower than the low established from 2000h onwards.

Market moved down thereafter. Partial position was closed when it reached 40pips. Stop loss was shifted lower.

Stop loss level was hit later on.

Called it a day.

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