Double in a Day Trade GBPJPY 2 February 2017 Retesting support The GBPJPY showed a perfect break on a strong support. As is often the case the price went back to retesting support. That made a good sell entry opportunity. The target was just short of major historic support. This was a 1 candle trade on the 1 hour charts – Also it almost a repeat of the previous GBPJPY… Read More »
Double in a Day Trade GBPJPY 2 February 2017 Support Retested The GBPJPY showed a perfect break on a strong support. As is often the case the price went back to retesting support. That made a good sell entry opportunity. The target was just short of major historic support.
DIAD GBPJPY 1 Feb 17 Resistance breakout retest +200 Pc This transaction was based on a retest of resistance breakout level. It was further confirmed by a trend-line violation after the retest. After 3 top-ups it reached a +180 target resulting in a 200% gain !! 5% was risked to generate 200%. a return on risk of 40 times the amount risked. It also means you if you 1 winner… Read More »
Double in a Day Trade EURAUD 1 February 2017: Break of support and trend-line The EURAUD showed a perfect break on a strong support and resistance line. In addition it also violated a trend-line. It took awhile to get going but was successful at reaching the target. The target was just short of major historic support.
DIAD AUDUSD 1 Feb 2017 retesting resistance after a breakout This is a “lucky trade” after a good entry after retesting resistance after a breakout. Luck because the transaction took a long time to mature. The advantage of using the Double in a Day EA is that it takes emotions out of the trade. Imagine rethinking this deal over and over again. Very few trader would managed to stay in… Read More »
Double in a Day Trade EURGBP 1 February 2017 Break of support This trade started as a break of minor support when 4 candle bodies created a level of support. The entry was on the break of support and the transaction turned into a head and shoulder break. This gave it the momentum to reach the target over 100 pips away.