EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #1595 (permalink)

Las Vegas, NV
 
Trading Experience: Advanced
Platform: Abacus, Slide Rule, HP-65, Metastock, TOS, NT
Favorite Futures: Futures
 
aligator's Avatar
 
Posts: 3,422 since Aug 2010
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Silver Dragon View Post
Practiced some manual trades today in SIM on FX Euro. Tools used support /resistance and trend lines. My rules are: the line has to touch in 3 places and buy/sell the first new bar after the line violation. Exit when it nears /breaks a support or resistance line.

I followed the rules except for the second trade entry. Thought for sure it was going fall through after the second violation. I didnt take the trade around 2:30 EST. The bar which broke the support was just too big.

Today was the perfect day for this type of trading. Could have not asked for better patterns.

SD

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@Silver Dragon,

Curious as to what was your exit criteria for the middle 2 trades? Where are the near/broken S/R lines? for exits?

Thanks.

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