GBP/USD Bounce Trade off 1hour box

This morning about 9:00am I took a gbp/usd short trade off of a 1hour box at 1.4693 and closded the trade when I saw that the market was refueling and that there might be a higher level tested, so I took +2 pips after the spread. The 1 hour resistance was good enough to give me a fast bounce, but it was only a small retracement, got out right away. Sure enough 1 minute later it tested higher levels and did not return to the same price level until about an hour later. +2 pips.

Premature Reverse Vanilla Trade USD/CAD

I took a trade this morning  on the usd/cad seeing my grid setup that the 1 minute boxes indicating the leading indicators were coming together, the rest of my L-lines fanned out and saw a bottom support level at 1.2605. The 5 minute chart showed me a dark bandshade fibonacci level, I got in with 2 lots to at 1.2626 for a potential 20 point target. I added my stop/loss and watched it as it went against me about 15 pips before it jumped back up to profit mode, closed 1 of the positions, because I saw a lower low being made. The price held at 1.2623 and then it started to reverse, where I closed at a total of +13 pips. This was moderately risky since its premature and it does not show any boxes until the price moved u to 2644 – 2645. Then I saw the 5 minute red boxes on the grid, about an hour later it hit the L-7 line on the 1 minute chart (which is another 30 pips). Next time I’ll hold longer when I challange the fear on a duo. Safe trading.

Premature Reverse Vanilla Trade EUR/USD

Took a long position on a premature reverse vanilla. I went long at: $1.2633 at the fib bandshade on my 1min chart. I saw the 5min boxes and 60min boxes up on the 64-65.  I put a 15pip stop loss and at least a 20 pip target. I took 1 position, saw the moving averages crossing over, so good outlook to the upside. My limit was hit at $1.2656. Total for today +20 pips.

Getting Started

Today is the first day I get started with logging my forex trades here through this blog. I intend to share my points of view, on the trades I take to be able to share the knowledge of how I utilize the Forex Money Map Software to enter and exit my trades in a profitable way. My goal is to make 20 pips a day using the patened grid system which shows the 1min, 5min, 15min, 60min time frames with dynamic fibonacci color band levels and multible currencies at the same time. There is still much to learn in the forex business, having only about 6 months of demo trading, and 1.5 months using the FX Money Map software, I can only imagine what is to come. God bless you and drop your comments if you wish.