Monday January 20 Eur/USD Trade Setup

Last Weeks Results

I took off Thursday and Friday. Sorry for no warning that I would be gone for those of you following this blog. I won’t let that happen again.

Wednesday Recap – the price went down through the 1.3150 price down to the 1.3026.

I made + 55 pips on the first lot
+100 on the second lot
Got stopped out for break even on the third lot for a total of +155

Week total of +80

Monday Trade Setup

If the price hits the trend wall and goes down I will enter short if it goes through the trendwall I will enter long.

So the setup is this:

1 with a limit of +55 pips and stop of 55 pips
1 lot with a limit of +100 and stop of 75
1 lot with no limit with a trailing stop of 55 pips

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Casey Stubbs is the founder of Winners Edge Trading, which is one of the most widely read forex sites on the web. Winners Edge Trading has trained thousands of people to trade the Forex markets.

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