Thanks to Rich at the Forex Project for this.. The January 2008 edition of Currency Trader magazine is out and you can download it for FREE from here: www.currencytradermag.com You can also get the previous issue. Brilliant!!
Hi all, I'm not back to full swing as yet... remember I was talking about the EUR/CAD last night? Well, it did go higher in fact, it went up to 1.4690 and is currently sitting at 1.4641. I should have kept it at the 100 pip limit order when I took profits at 1.4500! I have just gone long USD/CAD at 0.9937 with a 100 pip stop and target, I'll see if I can hold this. The reasoning for the trade starts off by looking at the daily chart. If you look at the stochastics, you can see that it h
I've closed my EURCAD long as it hit resistance of 145000... I wasn't sure what would happen from here. I got around 50 pips which is a nice profit nonetheless. The market could easily go higher now and reach my intended 100 pip target... I am not sure why my broker had put the price to above 100 pips when the market was closed. Nevermind though.. One of my biggest trading nuances is that I can't seem to hold onto winning trades.. I hope this will improve in 2008!!
