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Today's Eagle Eye Trade (Text book Short on EUR/USD on a 50% Fib. signal)
Posted 12-09-2010 at 09:45 AM by larryfolson
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Updated 12-09-2010 at 11:31 AM by larryfolson
Updated 12-09-2010 at 11:31 AM by larryfolson
I received an Harmonic signal on from the 15 min chart to short the 50% pull back of the formation of todays' candle.
This signal was generated 120 min. before the close of the 4 hour candle. Having experience with day trading. I have learned that momentum tends to show up in the fist and last 60 min. of a 4hr candle,
With that understanding I decided to shot the opening of the 10:00 am NYT candle. With the hopes of a strong momentum close of the 4hr candle.
@ 25 pips in my favor I put a catastrophic stop @ BE. To be safe (protecting my a account is Job#1)
Well that is it.
Planing my trades and trading my System. NO EMOTIONS.
It is going to do what it' going to do.
4 Hr. Chart
15 min. Chart
This signal was generated 120 min. before the close of the 4 hour candle. Having experience with day trading. I have learned that momentum tends to show up in the fist and last 60 min. of a 4hr candle,
With that understanding I decided to shot the opening of the 10:00 am NYT candle. With the hopes of a strong momentum close of the 4hr candle.
@ 25 pips in my favor I put a catastrophic stop @ BE. To be safe (protecting my a account is Job#1)
Well that is it.
Planing my trades and trading my System. NO EMOTIONS.
It is going to do what it' going to do.
4 Hr. Chart
15 min. Chart
Total Comments 3
Comments
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Trade was stopd out. Noting lost!!
Getting the formation of a 3 divers pat,. on 4hr.
I will take no more trades till next week.
Good dealPosted 12-09-2010 at 11:13 AM by larryfolson
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What's up with the Custom "Eagle Eye ATR" Indie!?
Posted 12-09-2010 at 11:16 AM by DREBG 
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Customizing my system.Quote:Originally Posted by DREBG
What's up with the Custom "Eagle Eye ATR" Indie!?
You like?Posted 12-09-2010 at 11:23 AM by larryfolson
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