Posts Tagged audusd

Pinbar Trading – Something that should sit in your Trading Strategy

Pinbar Trading - Something that should sit in your Trading Strategy

Pinbars show signs of strong buying or selling and they are great indicators to enter a market. The safest time to use them as trading signals is with the trend and when the market is experiencing a pullback. An entry with your stop at the bottom of the pin should do it.. then just ride it as far as you can. There were quite a few opportunities this week and one of my weaknesses in trading is that I am unable to have more than a couple of open trades. As a result this week, I missed a couple

October 19, 2012 3 Comments Full Story

AUDUSD trade stops me out but still could go up!

AUDUSD trade stops me out but still could go up!

I was reading an article the other day which said that the markets these days are harder than they use to be to make a profit..  10 - 20 years ago, you could just buy/sell and hang on.. the markets would generally trickle one direction. In this day and age, the market volatility is extremely high and it's not easy to enter the markets and make money. I don't know how true this is but certainly, the markets know exactly where to hit you and take you out. I have always thought that a stop shou

September 20, 2012 No Comments Full Story

AUDUSD Trade

AUDUSD Trade

The AUDUSD forex pair looks like a good long entry. You can see a pullback from the highs and the daily chart shows that a double bottom has been formed just above 10400. I've gone long at the current price (marked E) and put a stop order at 10400 and a target 80 points higher. I'm looking at a 1:1 risk to reward on this trade with a maximum loss of 1% loss on my account if I lose. My trading these days has become rather boring... I set my trades and let them run to completion.. I know th

September 19, 2012 No Comments Full Story

« Older Entries   Newer Entries »