Archive for the Forex trading Category
As I mentioned yesterday, I went long the other day EURCAD. I want to swing trade and hold out for more amount of pips rather try and scalp for 10 - 20 pips.. I am going to try and enter off the daily charts but using the shorter timeframes to time a better entry.
With the EURCAD, I am using stochastics and MACD as an indicator. In the daily charts, the stochastics are moving up from the 20 mark and the MACD haven't yet crossed but they are looking to do so. Looking at the 4 hour charts, the
January 1, 2008
No Comments Full Story
I was browsing through the internet and found out that Rich at the Forex Project was having a Forex competition.. this looked like some fun so I thought I would join and give it a go.
Though I don't usually trade the Forex markets as much as I should, trading is trading and I'm hoping to build some long term links with people with some similar interests. I've not made it in my trading career (yet!) so it's important to find like minded people to share and express ideas.. if you grow together
December 28, 2007
No Comments Full Story
Today, I had a little time at work and saw some opportunity and made two trades on the Forex market.
The first was a short of the AUDUSD at 0.8890 early this morning. The reason for the trade, a double top formation in the 15 mins with negative divergence showing in the MACD chart.
Then I shorted the EURUSD chart at 1.4708.. once again, another double top pattern. The entry for this one wasn't as good as the AUDUSD trade but still, I was happy with it.
I had set up my stops for both and
December 11, 2007
No Comments Full Story
« Older Entries
Newer Entries »
