Posts Tagged Forex trading
So today I closed my EURUSD long trade which I got in a couple of days ago at 13225. You can see that from the chart where the price is at now.. 13278.
From the Daily chart, you would wonder even why I closed this trade and from the Daily chart it's not clear. However, earlier today, the big green candlestick did not look like this.. the EURUSD market had dropped heavily and looked like it was about to go lower. The blue resistance line which allowed me to go long the first time which was
July 25, 2013
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A good trading week last week. Sometimes just a couple of trades can do it and last week we had two relatively straightforward trades.
Firstly, on the USDJPY forex pair, the trend has been up and there was a clear pinbar. We went long on that bar and the following day, the market went up. As it was Friday and I wasn't keen on holding my position over the weekend, I took profits for 80 pips.
My Gold trade was actually done a few days before - on Tuesday, shorted at 1242 with a stop at 1
July 8, 2013
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Our trade for the week was the long of AUDUSD. If you looked at the previous post you can see why I went long.. it was the pinbar plus the weekly chart showed an area of support where the market went a few hundred points up the last time it hit this area.
I still think that AUDUSD could go higher from here, my actual limit stop was at 9695 but with the weekend coming up and me not liking holding trades over this period, I thought it would be a good place to take profit. There's always a ris
June 15, 2013
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