Forex, Futures

3/02/2012

11:30 I have signal on H1 on EUR/USD and its in another potential retrace zone. If i get signal i will open position - of course with little SL.
Im doing this because 5 wave can be up to 300pips - of course i cannot even dream to catch whole move but its possible to get even 100pips. So risk/reward should be good.

11:55 Positions opened with 5,5pips SL below last low...

So next SL. Its over for today. I think that it was worth to risk here with such low SLs.

Analysis in weekend

2 comments:

Anonymous2 March 2012 at 13:37
This blog is very nice and informative!
I'm very impressive with your blog.
Keep update....
Thanks for sharing.
Forex
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Unknown2 March 2012 at 13:47
Thank You. I'm trying to show my trading and my point of view on market. But as You can see for example today - its not always proper ;)
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Trading Strategy

1. Simple Elliot waves - just 5waves moves and ABC corrections.

2. Fibo Retracements and Projections - if i see group of Fibo close to each other i will marke this level as potential reversal.

3. DTOSC indicator (it can be stochastic too). When i get signal on bigger time frame on fast DTOSC (1h for forex) im moving to smaller (15m or 5m) and im looking for signal on slower DTOSC if i get it all i open position.

Im very sorry - I didnt explain what is buy/sell signal.
Its like in every oscilator with overbought/sold zone. If faster line cross slower from below its buy signal when its in "bottom" zone. Sell signal is when faster line cross slower line from top in "upper" zone.

4. Position size: im opening 2 positions with 2-3% risk. 1 is short term and 1 is long term.

5. Manage of positions: no TP, positions close by SL. SL will be move different for both positions.

DTOSC indicator: HERE