Trading Journal (Price Action Strategy)

nora

Trader
Jun 27, 2013
6
0
12
Example of my trading this week:-

GBPUSD+16+Julai+2013.png


BUY STOP SIGNAL:-

-Inverted hammer (H4 candle) formed at bottom trendline (in red circle).
-Daily trend: Up trend

BUY STOP SETTING:-

Buy stop is set 10 pips above close of inverted hammer, stop loss 5 pips below major SNR line. While exit is set on the next major SNR.