Posts Tagged forex
This was something which I saw yesterday but I didn't have the confidence to trade it and didn't. I had emailed this to a few of my trading friends to get their view but they weren't sure either. Anyway, imagine the chart below but without todays up bar.
The way I saw it was this, there was an obvious support as draw below at approximately the 15650 level which can be seen very clearly in the daily charts. The market had bounced off this a few times already as you can see. With the latest pri
March 13, 2012
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The markets had fallen hard the last couple of days and I thought that they would have fallen a lot more but yesterday, the markets found some support. This pattern was seen across the DOW, FTSE and other currency pairs. I knew that a lot of people were expecting the markets to tank completely but having a whole day where it consolidated presented an opportunity in my opinion. The markets would either rally or drop like a stone and I expected whatever happened the market would have moved str
March 8, 2012
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Happy New Year!
Well, it's back to trading and I've spent quite a bit of time over the Xmas period looking over the blog and what I've been in 2011. I've reviewed my trades (that's the great thing about having the blog - it also serves as my own trading journal) and asked myself what I liked about my trading and what I didn't and how can I improve going into 2012.
A lot of us getting into trading we buy or seek other trading strategies and most of the time find that they don't work for us.
January 4, 2012
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