Archive for the Forex trading Category

Week on the road and Trading – How it turned out

Week on the road and Trading - How it turned out

Hi all, As I mentioned in my previous post, I had been away on business for a week but able to trade. However, what I wasn't able to do was to login into my blog and update the post entries as I had left the passwords at home. I also didn't have access to the graphics package on my laptop which I used to annotate the graphics. I also didn't trade on all the days due to various situations but ended up 90 points up for the week which was great. What I have done is to write the upper and lowe

May 15, 2010 No Comments Full Story

Turmoil in the markets – GBPUSD – didn’t trade today!

Turmoil in the markets - GBPUSD - didn't trade today!

Friday was a day when the UK elections and the Greek crisis caused huge movements in the markets... not only were the currency markets affected but worldwide stock markets. The system would have yield results today but I didn't trade! The channel was already about 300 points wide (top of channel 14914, bottom of channel 14597)... massive.. almost 10x our average size.. not something which I felt comfortable with. The break towards the downside happened around 10 ish however and it dropped ano

May 7, 2010 No Comments Full Story

Thursday GBPUSD trading.. success again!

Thursday GBPUSD trading.. success again!

I have been rather busy lately and didn't get a chance to update the blog.. however, I did trade. The set up was the same as usualy, top range 15136 and the bottom range 15098. The market fell through the bottom range and hit the 30 pip target! Nice! +30 pips up! However, it's now the third or fourth time now that I've seen where 60 pips could have been grabbed!

May 6, 2010 No Comments Full Story

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