Archive for June, 2008

My Forex trades for the day…

My Forex trades for the day...

I made a couple of trades this morning... firstly the NZDJPY long at 81.20 with my trailing 50 point loss. The market did go up my way but hit 81.60 dead on before dropping.. I just needed 10 more pips and my stop would have moved to breakeven. However, the market fell like a stone after this and I got stopped out. I also bet half my usual size for this trade so even though I took a 50 pip loss, it was in effect 25 pips... I obeyed the signals and nothing is every 100% in trading.. it just di

June 6, 2008 No Comments Full Story

It’s sooo hard not to take a profit when you’re trading!

It's sooo hard not to take a profit when you're trading!

Yesterday I complained about the AUDNZD trade shooting through the roof after I had closed my trade. I said that I would enter new trades with a 50 pip trailing stop loss on my Forex trading. Well, last night, I found two more potential candidates in the Forex markets... the EUR/CHF and the EUR/JPY. Both charts had the stochastics cross and the change in the trend moving average indicator. The EURCHF had previously cross the day before and I had traded this signal to find that I had got

June 5, 2008 No Comments Full Story

If only I held onto the AUDNZD trade!!! Blasted into space!

If only I held onto the AUDNZD trade!!! Blasted into space!

I was pretty smug this morning with 70 pips on the AUDNZD trade I made recently... I have just checked my Forex charts and this is what I see.... The market hit a peak of 1.2435 which is about 250 pips!!!! The thing about trading is that you can hold for greater moves or just get in and out where you can. I am thinking of holding out for great moves. Anyway, I am going to try the follow for my Forex trades... enter a trade with a 50 pip stop and a trailing 50 pip stoploss. Alternati

June 4, 2008 No Comments Full Story

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