Closed Trade EUR/USD – 55 Pip Gain!

This is a closed trade that was placed on July 21st, 2010 as part of the live forex trading bootcamp. This trade was placed in a real forex trading account & was posted as it happened. Below you can read the unedited log of this trade to see an example of Forex Surfing in action:

EUR/USD Archive Trade

After leaving the London session this morning, a nice umbrella handle has formed breaking out to the downside below the channel described in the previous post.

EUR/USD 5-min Channel Breakdown

On the 5 min chart you can see that we’ve formed a nice umbrella handle: To try & get the best price, I’m waiting for the 1-min uptrendline to be broken (see image below): Ok, I’ve entered the trade, here are the details: currency pair: EUR/USD timeframe: 5-min I: 1.2845 II: 1.2790 III: 1.2820 Entry: 1.2815 Stop 1.2845 – max risk = 30 pips Limit: 1.2760 – reward = 55 pips reward/risk = 183.33% Here is the etoro screen with the settings:

Here’s the 1-min crossover

And here’s the fibonacci calculator:

Trade closed for 55 pip profit!

I woke up this morning pleasantly with a 55 pip gain on this trade. Here’s a screenshot of this trade on a 5-min chart. As you can see below, the price channeled for a little while before hitting the profit limit of 1.2760. Sometimes the best trades are the ones I place & walk away…Still it’s always fun to wake up with more money than before you went to sleep!

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