Mr Ian's FX Journal

[mrian65]

Hi all, just a quick one. Been trading for a while and just looking to share some thoughts and ideas. Any comments, feedback, ideas, etc are welcome. If anyone is from Perth, Australia, send me a PM and we could arrange a catch up.

Cheers,

MrIan

 

[mrian65]

Breakdown in Euro

Looking at a breakdown in the EURUSD. only a small position in this one, not usually my trading style. I like to buy and sell at horizontal resistance/support.

Arguments for the trade.

Broken the Handle at 1.30
FXCMs speculative sentiment indicator has had significant buying interest overnight.
lower highs on the 4 hour
Bearish fundamentals
RRR of 1.5x

See attached chart.

 

[mrian65]

Probably went short a little early on this one and barely missed getting stopped out. See attached.