Posts Tagged daytrading
[caption id="attachment_7664" align="alignnone" width="599"] Buying AUDUSD[/caption]
Last night, I went long the Aussie (AUDUSD) forex pair at 10517. From the chart you can see that there was support at 10500 and the trend had been up so this was a retracement play. The first target is the high at 10600 but what I would really like to see is a break of this.. if so, we should see a strong move upwards.
I could take profits around 10600... to be safe, 10590 has more chance of making it but
January 22, 2013
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[caption id="attachment_7658" align="alignnone" width="601"] 16th January - Silver Long[/caption]
I've found that it is always difficult psychology wise to trade as well as you should if you start with a losing trade. Our Gold trade earlier in the week had left us with a 120 point deficit.
Trading Silver is a bit like trading gold as they move in tandem with each other, it's not often that you'll see them diverge. Anyway, I went long Silver on Wednesday after see a positive pin bar.. it sh
January 19, 2013
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A couple of days ago, I had shorted the EURUSD forex pair at the point marked above. The price action looked as though it was just retracing before a further fall. I was thinking that a move below 13000 would trigger a flurry and sell trades and the market will drop a few hundred points.
I was a little wary as the downward momentum after I had gone short wasn't really there so I had been moving my stop down as the price action moved down. Today, the market open a little lower but momentum
January 10, 2013
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