Posts Tagged foreign exchange
The USDCAD currency pair moved significantly lower today but it bounced off 12245. I saw that the forex pair was oversold and went in on the swing high after the initial pullback after the bounce off 12245. I got in at 12335 with a 50 pip stop.. I had no target this time round as I expected this to be a bounce before a possible retest of the support line (12245). The market went as high at 12420 but I got out at 12405 as the market formed a spike down.. I got my 70 pips!!
November 24, 2008
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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
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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
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