General Analysis: -Trend resumed upside after setting new lows yesterday and bouncing back from below 1.3800.
Plan of Action: -Look for pullbacks to trade long and possibly rushing to test highs of 1.4100 and up.
11:00 (GMT+2) Got to the markets after it already had made its dip overnight. Deciding not to chase it higher but to look for place where it may rest and then go against the trend for some pull back action.11:21 Entered aggressively on OverBought signal with 1.2@1.4037 with max. risk of 25 pips.
12:11 Market stopped going down, so after partial profit taking at 1.4022,decided to move in trailing stop to 1.4032 and lock in some profit if it goes against me.
12:21 Stopped out after market bounced off some support at 1.4020
12:30 Decided to look for long trade if market does not brake below1.4018.
12:35 Got it +1.2 @ 1.4023 with stop loss below 1.398 on PullBack trade.
Market seems stopped going higher, so decided to take my profits on part position, and then close it all out. Trades so far:
13:20 Happy with the executions today and almost 20 pips in profit which is close to my max loss of 25 pips. If I find new opportunities to trade today, do not want to risk having a bad day, so will position stop loss and trade size to guarantee myself at least 10 pips profit for a day.
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