Hello my friends,
Today was a choppy day but a favorable one for my strategy.
Here is the chart:
2 EMAs crossed at 12.00PM GMT
MACD turned down at 13.00 GMT
At 13.30 GMT W%R retraced above -80 level
Price under the 2 EMAs
Perfect signal !
Entry: SELL 2 lots @ 98.21
SL: 98.39 (high of closing bar) + 10 pips + 1 spread = 98.50
Exit: 98.11 (both lots)
Time of trade: 25-30 minutes (longer than I expected but profit is profit :) )
So today's profit: 10 pips x 2 lots x $10/pip = $200
That's all for today, see you tomorrow.
Happy PIPpin' !