Archive for June, 2008

Busy with the Forex markets… NZDUSD and AUDNZD

Busy with the Forex markets... NZDUSD and AUDNZD

The previous evening before I went to bed, I put on a couple of trades based on the stochastics cross method I'd been using lately. Firstly the NZDUSD short at 0.7820. I was probably a bit late in the entry as the trigger is a turn on the moving average trend indicator together with the stochastic cross. However, I got out when the trend indicator started to change at 0.7803 for +17 pips Secondly, I went long AUD/NZD at 1.2185 seeing the stochastics cross and the changing of the trend

June 4, 2008 No Comments Full Story

Another EURCHF entry!

Another EURCHF entry!

After missing the ride on the previous EURCHF signals, I thought I would be disciplined and trade the signal properly this time.. not close out early to take a profit or loss but actually ride it all the way. Ok, I see the blue signal in the moving average trend indicator and also, stochastics cross.. a long entry!! Hoorah, I get in at 16121 after an initial pullback and wait! Unfortunately, it starts to move down almost immediately and I have my 50 pip stop loss in place. Unfortunately, i

June 4, 2008 1 Comment Full Story

What happened to the CHFJPY trade?

What happened to the CHFJPY trade?

Actually I closed this trade yesterday for a 20 pip loss. As I mentioned, the signal wasn't clean and I was a bit wary of trading it. As I previously mentioned, the stochastics had crossed but it hadn't cross near the top for a short signal but near the 60 level. My short at 10075 got stopped out at 10095 for a -20 pip loss.

June 4, 2008 No Comments Full Story

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