Archive for the Forex trading Category
This morning there was another trade I put on... this was a long at 1.2183 with AUDNZD with a top loss at 1.2120 and a price target of 1.2270 with the Forex Smart entry system (a stochastics crossover 12,12,5 and colour change moving average line). He recommends the EURCHF only however but this matched up quite nicely.
The market moved nicely in my direction and I have already closed out at 1.2224. I need to keep to the system as I'll never make it as a successful trader if I keep closing ea
May 28, 2008
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Yesterday, I mentioned that I had entered long on the EURCHF at 1.16172. The market initially went my direction hit a high of 1.6235 before retracing. I moved my stop up to entry and it got hit which was a bit unfortunate at the market shot up again and hit a short term high of 1.6278 which is over a 100 pip move. My initial target was 150 points though... anyway, a little disappointing but at least I didn't make a loss.
The chap from Forex Smarts where I pilfered his system recommended takin
May 28, 2008
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I haven't turned on my trading platform for a while but I did so this morning after reading a blog by a 21 year old student (who looks 15 in his picture). He trades the EURCHF and uses a simple stochastics indicator. Have a look here http://forexsmarts.blogspot.com/
Anyway, using his system, there was a long entry at 1.6172 this morning. The market did get to 1.6215 earlier today and then fell back. I am still in the trade with a 50 point stop and a 150 point target price!
Let's see what h
May 27, 2008
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