Posts Tagged currency trading

Trading as a game of probabilities –

Trading as a game of probabilities -

The more I look at the stock market, the more I realise that trading is a game of probabilities.. you are never sure what the market will do, you can only make an educated guess as to what may happen and then hope that the market goes your way. If you've an edge, then you have a chance of making it as a successful trader. Anyway, my trade today was a long at 96.37 as I saw the price action bounce off the bottom of the range which I identified...  the market had hit the bottom line 3 times an

November 19, 2008 No Comments Full Story

AUDUSD – long

AUDUSD - long

Now I wasn't completely confident about this trade but still, I am int he trade... 6568 long with a stop at 6525 and my limit order placed at 6630

November 17, 2008 No Comments Full Story

Double top pattern – EURCHF

Double top pattern - EURCHF

Double top pattern in the 15 minute chart with the EURCHF forex pair so I shorted it at 15202.. I have a 50 pip trailing stop. As you can see the red line shows the resistance.

November 17, 2008 No Comments Full Story

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