Trading Session Review 12.april 20010
Published on Monday April 12th, 2010 at 06:37PM by FXViking
MARKET ENVIRONMENTWith hindsight, how would you define the market environment?The price went up by 160 pips at opening - a gap. It slowly went down during the day but stopped at the dayli R3 level.How successful were you in identifying the market environment during the trading session?I expected the price to go down to 1.2600 which was correct, but after that not much happened.What signs were present to indicate this environment?PA and price moving between R4 and R3What key pattern features were present and how could they have been used to identify the market trend and bias?After the quick raise at the opening the market was not trending much.TRADES TAKENI took a valid trade according to my system.TRADES NOT TAKENI could have benefitted more from the price trending down. Since I have a normal day job it is difficult to follow the price action. I need a system to signal when short trix is crossing long trix
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