Posts Tagged currency trading
Friday was coming up to the Bank Holiday weekend. A lot of traders will pack up early and go on a nice long weekend break. Usually volumes are low but I thought I'd put on the usual trades today....
It was not a good day however, you can see that the long trade was initiated at 14568 and it peaked at that point at 14592 (24 pips) before falling and hitting my stop. The short trade was at 14521 and went to 14491 (exactly 30 pips but including my spread, my stop wasn't hit) and went up.
I ha
May 28, 2010
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Today wasn't too exciting........ I was rather miffed about yesterdays double loss so hoping today would bring back some results.
The lines were at 14488 and 14402. The upper bar was breached and the long trade was initiated... an easy 30 pips were bagged. However, the market initially went to 14541 before a smallish retrace and shot even higher to around 14587 (100 pips) before falling all the way down.. it wasn't too far from the lower of my lines and if a short was initiated, it would have
May 27, 2010
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Today the markets moved exactly to cut out both my long and short trade with such efficiency, it makes you wonder if they were waiting for you!
Anyway, the two trade areas were 14395 and 14351. The long came first and practically immediately reverse at 144400.. I did think that this is a whole number and these are usually areas of resistance or support. The market reversed enough to hit my stop which was also my entry for the short... it went 20 pips and then reversed and took out the long.
May 26, 2010
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