Welcome to this trading blog. The purpose of this blog will be to highlight simple trading setups and concepts which will hopefully help to increase account balance, minimise stress (due to trading) and make us all better traders. I only look at higher timeframes (1 HOUR AND ABOVE) and as such am able to walk away from my computer screen i.e 'set-n-forget'. I am also a believer in the KISS (Keep It Stupidly Simple) principle and try to apply this to my trading using simple concepts e.g. divergence, minimal number of indicators, confluence of factors, and most importantly PRICE ACTION.
Hope you all enjoy it.

29 October 2010

EURUSD



Hi all,

Just wanted to mention a long trade I took ( to end the week) on the EURUSD pair

The signal was this 2 Bar reversal (highlighted) in what looks like a V-reversal on the 1 Hour timeframe for a risk of 40 pips and a profit target of 80 pips. My target was hit and so I end the week on this sweet note!!!

See y'all next week

P.S Still waiting for a signal  to go long on the DAX
Posted by Ayo Odunuga at 19:04

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