LET'S CLOSE IT @ 1.4716 FOR +10

Although it looks as if the bulls have lost control again, let's close trade #11 @ 1.4716 for +10 to be flat over the weekend. I think we can get a better entry point next week, as long as a retracement is not large enough to negate my current short bias.
Total pips since blog was opened on 10-21-09 is plus 97 net pips, on 9 winning trades and 2 losings trades.

SELL EURUSD @1.4726

It looks as if the bears are here to stay for a while. Let's sell @ 1.4726 with a large SL @1.4885 to avoid possible retracement. No TP for now, let's try and ride this as down if we can.
This is trade #11.

SL hit @ 1.4719 for - 52 pips

Trade #10 SL hit @ 1.4719 for -52 pips

BUY EURUSD @ 1.4771

TP 1.4791
SL 1.4719
Trade #10

MANUALLY CLOSED AT 1.4782

Trade #9 was manually closed @ 1.4782 for a plus 15 pips.

SELL EURUSD @ 1.4797

TP @ 1.4772
SL @ 1.4857
Trade #9

Manually closed @ 1.4817 for 20 pips profit

Trade #8 manually closed @ 1.4817 for 20 pips profit

BUY EURUSD @ 1.4797

TP @ 1.4820
SL @ 1.4747
This is trade #8

TP HIT FOR 62 PIPS PROFIT

Trade #7 was closed as our TP was hit @ 1.4920 for +62 pips.
Since inception of this blog on 10-21-09 we have made 7 trades, of which 6 have been winning trades and one was a losing trade, for net profit of +104 pips.

BUY EURUSD @ 1.4858

TP 1.4920
SL 1.4813
Trade #7

SL Hit at 1.4970 for -32

SL hit on trade #6 for -32 pips. Trendline breached, look for short entries at higher points, this may be the beginning of a down wave.

BUY EURUSD @ 1.5002

Our trade #6 is EURUSD @ 1.5002
TP @ 1.5025
SL @ 1.4970

Manually closed at 1.5025 + 10

The original reason for entering trade #5 is no longer valid...Closed at +10. No clear direction stuck in narrow range.

SELL EURUSD @ 1.5035

Our #5 trade is Sell EURUSD @ 1.5035
TP @ 1.5010 - SL @ 1.5070

PRICE CHANNEL IS STILL INTACT

(Click on chart to enlarge)

POSITION MANUALLY CLOSED @ 1.5010 FOR 9 PIP PROFIT

Trade #4 was closed manually @ 1.5010 for +9.
Total net pips since 10-21-09 is +64.
Althought it looks as if the bottom trendline on the hourly price channel held once more, anything can happen over the weekend. Not neccessary to hold this position open over weekend ...There will be better entries next week.
Since opening blog on 10-21-09, 4 winning trades and no losing trades.

BUY EURUSD @ 1.5001 - TP @ 1.5021 - SL @ 1.4947

Our #4 trade is as follows:

BUY EURUSD @ 1.5001
TP @ 1.5021
SL @ 1.4947

POSITION MANUALLY CLOSED @ 1.5018 PROFIT +14

Trade #3 manually closed @ 1.5018 for profit of +14 pips.
Net pips since 10-21-09 is +55 pips.
Three winning trades, no losing trades since this blog was started on 10-21-09.

SELL EURUSD @ 1.5032 - TP @ 1.5012 - SL @ 1.5073

Trade #3 is as follows;

SELL EURUSD @ 1.5032
TP @ 1.5012
SL @ 1.5073

TP HIT, CLOSED AT 1.5035

Trade #2 closed at TP @ 1.5035 for 21 pip profit.
Net pips since 10-21-09 is 41.

BUY EURUSD @ 1.5014 - TP @ 1.5035 - SL @ 1.4950

Our second trade is:

BUY EURUSD @ 1.5014 - TP @ 1.5035 - SL @ 1.4950

CLOSED TRADE AT TP FOR +20 PIPS

The first trade, as posted in prior post at the time taken, was just closed at TP for 20 pips profit.
Net Profits since blog opened +20 pips.
Stay tune for next trade.

Sell EURUSD @ 1.5016 - TP @ 1.4995 - SL @ 1.5055

(Click on Chart to enlarge)

Sell EURUSD @ 1.5016

Take Profit @ 1.4995

Stop Loss @ 1.5055

Our first trade of Forex involves selling EURUSD, witht the TP and SL points as shown above.