Wednesday January 28 Eur/Usd Trade Setup

Yesterday’s result was I entered 3 lots short after the bounce off of the trend wall.

I ended up getting stopped out on all 3.

The first lot – 55 pips
2nd lot -75 pips
3rd lot break even
Total -130 pips

Wednesday Trade Setup

We are still working with that downward trend wall. However we are in the 3rd day of upward movement so I am looking for that trend wall to be broken so the price moves through that I will trade long tomorrow. If there is a bounce I will be short again. If I buy short I will wait for the RSI to drop some before enter a trade.

Here is the chart:

Setup: 3 lots
either way I will go 3
1st lot with a stop and limit of 55 pips
2nd lot with stop at 75 pips and limit of 100 pips
3rd lot with a stop of 100 pips and no limit but a trailing stop at 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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