Archive for the Make Me Some Money Ideas Category
[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
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I am still finding it difficult to take full advantage of my winning trades.. I recently did some digging into some of my previous winning trades to see how I can improve on their exits. Quite often, I find that I have closed too early my trades for a profit.. but a profit which isn't as good as it should have been.
Of course, there are times when I close a trade at the optimal point and it is exhilarating when you do this.. you feel great that you've been able to get out at the best point fo
December 10, 2012
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Unfortunately, I had two losing trades this week... firstly the USDCAD long
I had gone long this pair as it looked as though the downwards momentum had stopped.. I could see some support here. When I got a bullish signal, I entered long. However, this was very short term as the trend was still short and my stop got hit.
My next trade was the DOW short:
I got a bearish daily pin bar and the market had recently breached higher yet fell.. a bearish signed. I went short.. unfortun
December 9, 2012
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