Archive for the Forex trader Category
Our trade for the week was the long of AUDUSD. If you looked at the previous post you can see why I went long.. it was the pinbar plus the weekly chart showed an area of support where the market went a few hundred points up the last time it hit this area.
I still think that AUDUSD could go higher from here, my actual limit stop was at 9695 but with the weekend coming up and me not liking holding trades over this period, I thought it would be a good place to take profit. There's always a ris
June 15, 2013
No Comments Full Story
Hi Everyone,
I'm really sorry that I've been away for a while.. I've been rather busy with quite a few projects. It's all very exciting and I hope I can continue updating this blog and keeping you updated.
I have been trading on/off lately and after going through a period where the results weren't too great, I'm happy to say that I'm back on form and disciplined. I'll write more about that another time but today I just wanted to let you know of my long entry on AUDUSD this evening.
On t
June 11, 2013
No Comments Full Story
Today, we saw massive moves on the Yen pairs. USDJPY had gone up around 250 pips and the GBPJPY around 600!!
On the 2nd of April, I had put on a long for the USDJPY pair after it had bounce off support. I saw that the longer term trend was up but the market was going through a retracement.. I thought that this was an opportunity to go long so I did. I set my stop at 100 pips which was below the previous low and a target of 100 pips also for a 1:1 risk reward trade.
As you can see from the
April 4, 2013
No Comments Full Story
« Older Entries
Newer Entries »
