Professional Documents
Culture Documents
The 30 mins has a ND which gave an entry, but I did not take it due to the fact that
that the entry was in Asian Session, the 30 mins M.A level, the 1hr target M.A
level without fully closing.
On the lower timeframe, there was also another confirmation in the 1mins
timeframe.
And the 5 mins gave a ND which was confirmed, the target was the 4hr M.A level.
This trade I did not maximize it due to the fact that I didn’t wait for the 4hr close to
confirm if the candle will close below or above the 4hr M.A level. I took three
trades based on this setup. All were less than 300 cents, 1.00 lots respectively.
2nd Trade was on USDJPY
The market was in an uptrend from the 1hr to continue the Daily trend, the 1 mins
retraced and then gave an ABC to continue the trend,
The 5 mins had a NS to support the move, which I took my trade off from there..
But there was middle close bar, which closed slightly below my entry, which made
me close the trade.
I took 4 positions with this setup… 0.33 lots respectively, with risk below
300cents.
3rd Trade Setup on the EURUSD
The market was still in a trend from the 4hr, the 15mins was holding the key to the
continuation of the trend
It formed an ABC pattern, then there was a formation of a ND on the 30mins from
whence I took the trade.
I took four positions with this setup, 0.05 lot ×2positions and 0.5 lot ×2positions…
4th Trade Setup on USDJPY
The market was in a down trend from the 1hr tf, the 15mins formed a retracement
within it, but later formed a reversal to follow the 1hr timeframe.
The 30mins later formed a ND for entry, from which I entered the trade…