++ My Trading Plan EUR/USD 21 - 25 Jan 2013

Hello friends, ... new tag line :)

++ I think only breakout and breakdown strategy should be applied for EUR/USD this week.

++ My trading plan here included template file for MT4

++ Important: Acceptable RR, MM, and experience of trading psychology.

Regards,

Honest

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Comment by Honest Sarjono on January 21, 2013 at 3:36am: ++ Key level today 1.3333 and 1.3287

Comment by Honest Sarjono on January 21, 2013 at 8:37pm: .. like my expectation, today is sideways within my range..

H1 screenshot:

Comment by Peter jcp on January 21, 2013 at 9:08pm: Hi Honest - had not seen your post today until you just added to it. I agree with your 2 break out areas - the range is that tight something will have to go soon. The trouble is either way could then be false for a start - or even 20 -30 pip moves before reversals.

With it being a US Bank Holiday this afternoon - the market makers have had the perfect excuse to slow it all down and get rid of both OS / OB 's allowing them to have a clean sheet ready for a 100-200 pip move either way if need be.

I think I would only hold scalp buys over 3370 and over 95 and scalp sells under 3275 and probably under 3240 - otherwise expecting false traps and stop hunts both ways before a proper move.

I hope I am wrong as a 130 -200 pip move either way over a steady 2 - 5 hrs would be preferred - but rarely do you get the easy trades off this market ;-)

Have a good week Honest

Regards

Peter.

Comment by Honest Sarjono on January 22, 2013 at 1:51am: Hi Peter - Thanks.

Yes, my posting in the morning on Asia session dissapear because "we are under attack" by Marry's bombing message :)

You're right, on this situation (sideways) I did not open even one trade on monday. In my view according this situation, more than 200 pips would be "played" for EU this week (to 1.35/36 or 1.31/30).

But, I am now watching on Japan today, expected for hundreds of pips on UJ, EJ, GJ, CJ, AJ, etc :) Please don't miss it, Peter, take them all in your wallet. :)

Have a great week, Peter.

May God bless you.

Honest.

Comment by Honest Sarjono on January 22, 2013 at 7:41am: ++ EUR/USD

Clear breakout on pink link without pull back, and now sit on blue line as short-support..

We will see how long blue line could be defended :)

Comment by Honest Sarjono on January 22, 2013 at 7:49am: Also please don't miss it, .... Japanese Yen :)

UJ, EJ, etc ...

EUR/JPY

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