Posts Tagged euro
I thought I'd post my trade of last week and also talk about what has happened over the last couple of days with the Euro market. It's important to review looking back to help formulate future plans when trading.. it is something which one needs to do all the time to ensure that you're on top of your trading. Anyway, my initial plan was to hold onto the trade for as long as possible and bring the stop loss down to the high of each day. This would then help lock in profits and give enough roo
January 7, 2013
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So for those who follow my Twitter feed, you'll note that I shorted the Euro (EURUSD) forex pair last night. The reason why I went short was because you can see that the bullish momentum seemed to have come to a halt... no more upwards movement. Then we got this massive bearish pinbar and that was our cue. I only held the trade from last night but as you can see, it fell like a stone. I don't like hard movements like this as it increases the chances of a pullback before a further movement so
January 3, 2013
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If you'd been following my Twitter profile on http://www.twitter.com/makemoneyalan, where I post my trades in realtime, you would have seen that I entered long EURUSD on Monday at 12911.
I also posted the other day about how I wanted to move the stop to the days lows.... how I failed with that! I am still finding that I'm not holding onto my trades long enough and the temptation to exit my trades in a profit is still something that I need to work on.
Anyway, here's the trade:
The en
December 12, 2012
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