A Quick Cheeky trade in Eur/Usd

#1
Here is another live quick and cheeky trade in Eur/Usd. The reason I call it cheeky is because the opportunity is there the r/r is good and the price pattern is conducive.

I have just sold 50000 Eur/Usd at 1.2153 with a stop at 1.2165 - so I am looking for a risk of no mor than 0.0012. My objective as per the previous trade is 1.2060 so am looking for a reward of 0.0093 ie. a r/r ratio of 1:7.75.
This is an interesting r/r warrenting a trade.

My stop-loss in the market is 1.2165 GTC.

I will cover the entire trade (50000) at 1.2060.

Regards

Nautilus
 
#2
hi,
nice post! I am also interested in fx.But I have no account with anyfx broker. Is it true that refco-sify provides this facility for Indian traders?
will you please guide me. do You trade from India?
regards,
joyverma
 
#3
joy_verma said:
hi,
nice post! I am also interested in fx.But I have no account with anyfx broker. Is it true that refco-sify provides this facility for Indian traders?
will you please guide me. do You trade from India?
regards,
joyverma
Hi Joy Verma:

I believe Refco-Sify would provide these facilities, it might be worth inquiring. I am not based in India at the moment.

Regards

Nautilus
 
#4
Hi All:

I am back again to let you know that the quick and cheeky trade did not work, and I got stopped out at 1.2265 losing 0.0012 = 50000x.0012 = 60 Euro.

I guess nothing lost, and I am still looking for another aggresive entry into the market provided the r/r justifies it.

More later.

Regards

nautilus
 
#5
joy_verma said:
hi,
nice post! I am also interested in fx.But I have no account with anyfx broker. Is it true that refco-sify provides this facility for Indian traders?
will you please guide me. do You trade from India?
regards,
joyverma
hi i am also interested in forex . do u know any platform in india and specific in mumbai which trades in forex?
 
#6
Hi,
I just suggest you a leading online Forex broker greenvaultfx.com whose services are so customer friendly and they are providing an easy trading platform MT4 for its users.They are also an FSP registered and FSCL regulated Forex broker to rely on.
 

Similar threads

Broker Special Offers

Intraday Higher Leverage

Save up to 90% in brokerage and get higher leverage for intraday trades.

Name:Phone:
Email:City:
State:
Are you a day trader?