More Articles

Silver breaks Resistance and we go Long

Silver breaks Resistance and we go Long

This was a straightforward trade. I entered long as I saw the price action move strongly up to hit resistance as in the chart. I entered long at 3095 and attempted to ride it as high as it would go. You can see that the price action starts to lose momentum at around 1700 hours (UK time) and a final push up which then falls below the previous high which is a sign of weakness. I got out there at 3125 which gave me a total of 30 pips!

April 26, 2012 No Comments Full Story

First Trade in Long time – EURUSD off the Daily Pivot

First Trade in Long time - EURUSD off the Daily Pivot

I've had a lot of stuff on lately and not been able to commit myself to the markets as much as I would have liked. However, I did have some time today and was able to take a simple bounce off the Daily Pivot on the Euro (EURUSD) currency pair. My target was yesterdays high at 13117 and I actually got out at 13115. A simple trade which got me 20 pips!

April 25, 2012 No Comments Full Story

Wrong twice on EURUSD – Forex Trading

Wrong twice on EURUSD - Forex Trading

This is most annoying when it happens but unfortunately it does happen.. it is part of trading. I lost twice trading the EURUSD or Euro today. The trend looked like it was up and my instinct told me that prices would want to test the previous high of today so I'm looking for long positions. However, my analysis was wrong today and both trades as you can see were stopped out. I lost 17 and 15 pips or 32 pips today.

April 2, 2012 No Comments Full Story

« Older Entries   Newer Entries »