Archive for January, 2013

Why it’s Important to be Consistent Trading. My Trading Results for the Week

Why it's Important to be Consistent Trading. My Trading Results for the Week

This week we had two trades.. AUDUSD long and EURJPY long. I'll go through both of these and why I entered. Firstly AUDUSD [caption id="attachment_7671" align="alignnone" width="580"] Long AUDUSD[/caption] I went long here as the market had found a base.. it had retraced after a move up and I thought it would actually move above the previous resistance point at around 10600 and if it did, a huge move above. The following day, the market indeed shot up and if I was cautious and doing my

January 27, 2013 No Comments Full Story

Woke up richer by buying the Aussie (AUDUSD)

Woke up richer by buying the Aussie (AUDUSD)

[caption id="attachment_7664" align="alignnone" width="599"] Buying AUDUSD[/caption] Last night, I went long the Aussie (AUDUSD) forex pair at 10517. From the chart you can see that there was support at 10500 and the trend had been up so this was a retracement play. The first target is the high at 10600 but what I would really like to see is a break of this.. if so, we should see a strong move upwards. I could take profits around 10600... to be safe, 10590 has more chance of making it but

January 22, 2013 No Comments Full Story

Making Some back Trading Silver

Making Some back Trading Silver

[caption id="attachment_7658" align="alignnone" width="601"] 16th January - Silver Long[/caption] I've found that it is always difficult psychology wise to trade as well as you should if you start with a losing trade. Our Gold trade earlier in the week had left us with a 120 point deficit. Trading Silver is a bit like trading gold as they move in tandem with each other, it's not often that you'll see them diverge. Anyway, I went long Silver on Wednesday after see a positive pin bar.. it sh

January 19, 2013 No Comments Full Story

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