Monday, May 4, 2009


small trade
eur/usd above the pivot, daily bias up for the NY session, eur/usd seeming to channel, using the 15/5/1 for this entry.
price kicking off the 5 in 15
around the 23% fib for continuation
in a small price channel for the 5
1 showed potential reversal add in other factors
took the trade

then fractal supported position
used atr for exit tied in to 5min resistance and considered time of day so doubted a continuation

+12.7

chart shows time of entry and exit

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