Posted by: Tan Yoke Chang | August 14, 2010

Forex Trading Setup for 16th August 2010

Hello,

Finally crossed the $200 profit mark after 3 weeks of trading in a mini- account. Anyway, the following are the possible trading setup with small risk but great reward.

Eur/Usd – Long SL 1.2700 TP 1.2900

Gbp/Usd – Long SL 1.5500 TP 1.5700

Alternative if candlestick closes below SL = short

Do look at the following chart for my setup. Good luck and set SL to entry once you are earning 50 pips. We need to be flexible and act according to the market.

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