Wednesday 20 March 2013

Trading with 5m Force strategy, Day 27

Today started with 16 pips in GBPUSD pair. Before London open price was moving slowly upwards. But after London  open price was started to move up and down giving long and short signals.
Figure 01: EURUSD 5m chart
After that price started to give long signal according to force advanced signal.
Figure 02: EURUSD 5m chart
I took the short signal with the bounce from upper supply area. Got 9 pips here. Then entered short again and got 13 pips.

After NY open price again started to move to north sharp. Missed the entry. Missed good >40 pips. After the upward rally price again started to and fro movement. There some force signal generated. I could took one short entry.
Figure 03: EURUSD 5m chart
Grabbed another 10 pips here.

Total pips: 43 pips by force signal. 16 pips from other trade. Grand total:59 pips.

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