The 4th week of the month start with a great trade. Today I manage to profit 83 pips on a long trade on the EURUSD. As usual with my practice, it start from a big time frame of the 30-minute chart when the price break my marked 1.4558 level. Once the price break this level, I immediately switch to my 5-minute chart and wait for an entry. It took me several hours to make an entry. I have to watch the market from 3:40 pm until I passed the Sungkai at 6:30 pm where I placed an auto execution mode (pending Buy Limit order). With this in place, my MT4 trading platform will automatically execute trade for me when the price hit my 38.2% retracement level.
The market finally hit my entry at 8:29 pm and finally hit my target and exit at 10:35 pm with 83 pips profit. All this is achieve with only minimal risk of less than 40 pips or less than 2% of my trading fund. Until tomorrow...happy trading guys ;)