New Trade of the Day Video. Pretty cool setup on the GbpJpy http://tinyurl.com/2bf8e6q #forex #fx #trading

New Trade of the Day Video. Pretty cool setup on the GbpJpy http://tinyurl.com/2bf8e6q #forex #fx #trading

RT @Euodoo: New Trade of the Day Video. Pretty cool setup on the GbpJpy http://tinyurl.com/2bf8e6q #forex #fx #trading

RT @tradercisco: New Trade of the Day Video. Pretty cool setup on the GbpJpy http://tinyurl.com/2bf8e6q #forex #fx #trading

Absolutely stupid how well these fib levels paid off. Look at this. http://tinyurl.com/2bf8e6q

Absolutely stupid how well these fib levels paid off. Look at this. http://tinyurl.com/2bf8e6q

Hi Scott, I focus on fibs a lot but after your video this week observing how measured the moves on Guppy have been I waited for 2 trades to set up on Guppy on the major fib retracement levels 61.8 and 50% on the last major move. Both trades met a few other criteria I look for so I set the pending order and TP on the first level 61.8 (38.2 retracement) on thursday. The first trade opened and closed while I was shopping for almost 80 pips with a drawdown of 3 pips and a risk of 20 pips.

The second on Friday touched a pending order bang on the fib line for a drawdown of 2 pips and risk of 20 pips. after entry I managed the trade and closed it a little early at my target of 120 pips in less than 2hours.

I must add that having spent time with Tim Chandler I had looked for a confluence of levels on related pairs before taking the step of trusting a pending on those levels but the fib worked perfectly.

Awesome video. Great job you guys are doing and a big thank you for bringing our attention to these trade ideas.

Al
AlcandoFX

Trade follow up to
http://beta.euodootrading.com/trade-of-the-day-gbpjpy-july-28/ http://yfrog.com/n8pq9g

http://tinyurl.com/35qzrvs Really cool comment to one of the videos I posted. Thanks Al aka @alcandoFX Great Trades!!!