Posts Tagged daytrading
The chart of the Euro (EURUSD) today on the 1 hourly was as below:
The Euro had a very strong day yesterday and when the market opened today, it was really watching to see if the market would break yesterdays highs at 13370 and continue upwards or fall. It's very tempted to buy on the break of the high but after such a strong move yesterday, any long entries would have been on a pullback for my liking. However, the price action broke above and demand was just not there for it to go any hi
March 27, 2012
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Sometimes the simplest trades are best and today was once such day. I had a support line drawn at the lows as you can see in the chart below and as the price hit it for the third time, I went long at 3153. My stop was at 3145 so only 8 points away and I took profit at the previous top. A nice and easy 30 points!
March 23, 2012
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Today I got into a couple of nice setups, very clean trading day. I like it when this happens, makes it very easy to trade. This was my second trade today, this time on the DOW. If you look at the longer timeframe charts you can see that the DOW is in an uptrend.. this means that I'm looking for long trades.. areas where I can buy cheap!
Anyway, I was watching the DOW as below and drew a support line as the market was creeping upwards. Higher highs and higher lows though you can see that
March 19, 2012
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