EUR/USD M30/5

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February 6, 2012 at 3:00 pm #1559

Aaron

One I’m watching into the Asian/London sessions tonight… I know it’s a bit late to post (because price is virtually in the demand zone now) but this displays what and how I see the market. I’m a day trader at heart.

Green area is entry and red is target/stop-loss. I look for 2:1R most the time, but never less than 1:1R. I’ll typically move my stop to break even once price encounters the first, minor order block en route to its target. Sometimes when those minor order blocks aren’t really minor after all was because they had larger TF significance than I realized. So I monitor the larger TFs, but in-my-opinion the day trading TFs aren’t longer than 30M. I trade the 30M and 5M on the EUR/USD almost exclusively.

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  1. EUR_USD_M5_2-2-12
  2. EUR_USD_M30_2-2-12_001
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