Posts Tagged forex
The nice thing about having a blog is that I can put my thoughts in directly after a trading session. As I was having some problems with it over the last couple of days, I wasn't able to remember what my thought process was on the 6th. I enclose the chart on the 6th. I had made a series on trades and ended up abou 20 prices which was great! However, I don't remember the mechanics of why I place the trades.
I was also out last night so didn't trade. My trading mentor is happy for me to go back
February 8, 2008
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When I got back home, the markets had already plummetted.. I wasn't sure if I could pick up anything at this stage. I missed an entry at around 18:20 GMT to short below 135000.. this would have been quite nice.
Anyway, my first entry was a short at 134850.. it started to pull away. I saw this as a possible move lower... the stochastics were approaching overbought level in the 5 mins and 1 mins. However, I was proved wrong and took a 8 price hit.
As the market inched higher, suddenly all
February 5, 2008
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Well here I am back trading again. I found having the complete day to trade really helps me get a general view of what's happening the market.
I fired in two countertrend trades in this session. Short at 138675 as the market made a top.. I closed at 138500 which happened to be the bottom.
The market then rocketted up to 139500 when I then shorted again at 139275.
The two trades earned me +13 which earned me a total of 32 prices for the day.
Looking back on this trading session, I com
February 1, 2008
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