Wednesday, October 8, 2014

EURUSD Intra-day Ichimoku Best Short Term Forex Trading Strategy 08-Oct-2014























Image: Oanda


TRADE

Date: 08-Oct-2014

Entry: Buy Stop 1.2675, 

Reason for Trade/Setup: 

Price action re-emerged out from the kumo cloud, supported by chikou span re-emerged out from kumo cloud, placed a buy stop above the high of the previous period.

Initial Stop: 1.2630

Initial Target: 1.2810

INTERMEDIATE COMMENT

N.A

RESULT

Outcome: Price action was in range. Exit for the night.. 

Exit: Closed out market @ 1.2680

Profit/Loss: +5 pips

THOUGHTS

N.A

5 comments:

  1. Hi,

    A trade that looked like easy and eventually turned to be rather tricky.

    I can see that your "Profit/Loss: +5 pips". May I ask what is your spread, the slippage? And your broker?

    Thank you for your blog.

    ReplyDelete
  2. I am using Oanda. For Eur/Usd, the spread is between 0.8-1.2 under normal trading, and can go wider during the news. As for slippage, so far I am good.

    ReplyDelete
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