Currency Pair: EURUSD Long M5
Method : TMS Retracement
Entry Date: 10 April, 2012(01:25 GMT)
Entry Price: 1.31127
Initial Stop Loss: 1.31071 (Recent Swing Low Pivot Point – Hammer Candle)
Stop Adjustments:
Protective Stop:
Target Profit :1.31168 (Previous High)
RRR: 1:0.73
Entry Reasons:
1) MA(3)Red Crossed over MA(61) black
2) Hammer Candlestick form 3 bars ago
Method : TMS Retracement
Entry Date: 10 April, 2012(01:25 GMT)
Entry Price: 1.31127
Initial Stop Loss: 1.31071 (Recent Swing Low Pivot Point – Hammer Candle)
Stop Adjustments:
Protective Stop:
Target Profit :1.31168 (Previous High)
RRR: 1:0.73
Entry Reasons:
1) MA(3)Red Crossed over MA(61) black
2) Hammer Candlestick form 3 bars ago
3) Stochastics (5,3,3) cross from below the 25% line
4) Parabolic Sars shows Bullish Trend
5) ADX Green > Red = Bullish Strength
Exit Date: 10/04/2012 (01:27 GMT)
Exit Price: 1.31134 (Closed Manually)
Reason of exit: Got spooked when I zoomed down into the M1 charts and saw the Shooting Star candle formed followed by a Bearish Engulfing candle.
Exit Date: 10/04/2012 (01:27 GMT)
Exit Price: 1.31134 (Closed Manually)
Reason of exit: Got spooked when I zoomed down into the M1 charts and saw the Shooting Star candle formed followed by a Bearish Engulfing candle.
Actual R:R = 1:0.13 (pitiful)
Reflection: This is my first live manual trade after successfully recovering my funds from AECNFX. Got a little jumpy and rusty with the rules of TMS trading plan. Since there were so many bullish signals, I should have stuck to my initial target profit (which was hit just 1 bar later).
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