WrecklessTrader's Blog

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04 April 2018 - EURUSD

Todays trades were basically focused on the directions of the market. I had been long since yesterday. But once I found that it will not have the strength to move beyond 1.2315 I decided to close my deal at 1.2301.
Later I felt the market may oscillate 10-15 pips downwards. I initiated a short at 1.2302. It went all way down to 1.2288 but not any further and started to move up. So I closed it at 1.2292 and decided to stay clean till further clarity is available for any trades.
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EUR/USD (18 Dec 2017)

This trade was entered at 1.1800 levels. My reading of the chart indicates the market is in for an upmove and will continue for more time. It has not completed its upward journey. Stop loss is placed at 1.1780 and take profit at 1.1850. this trade is to based on my analysis of price actions and based on 4 hour chart. I have used pivot points, simple moving average while deciding to enter this Long trade.
This is my first trade based on price action strategy.
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