Thread: The London Open
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Old 07-25-2008, 01:38 PM
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rollingstone rollingstone is offline
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I managed to jump into 3 nice trades today using 15m and 60m charts.

First thing this morning (6.45am) I traded eurusd, my spread company's prices were stuck and they were quoting 1.5672 with the market at 1.5706. I thought my luck was in straight away as my trade was accepted but unfortunately they didn't honour it. However, they gave me the market price at the time I tried to open it and I squeaked 23 pips on the first move up, following advice of late to keep things tight.

I jumped in again after the retracement back down to the 60m 20ma as it was trending well and closed with a further 26 pips.

Yesterday Cable was a strong set-up for me on the 60m chart but I didn't take the trade. It showed me the same picture this morning but in the opposite direction and I opened at the break of the overnight resistance at 1.9873. I held the trade as it was a sea of green heiken ashi on the 15m and jumped out at the 60m 200ma (4hr 50ma) for 101 pips.

So a great morning's trading for me, my biggest day ever at 150 pips. Nothing compared to some on this thread but good for a novice. Might sit out this afternoon and be pleased with my day.

Have a good weekend all.

Last edited by rollingstone : 07-26-2008 at 10:23 AM. Reason: Added chart timeframes.
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