Posts Tagged forex

Post Trading analysis of EURUSD and EURJPY

Post Trading analysis of EURUSD and EURJPY

So looking back on the trading week where we made profit but a lot less than what it could have been. I had mentioned that I wanted to bring my stop to the low of each daily candle but was unable to do this. I took 80 pips on EURUSD and 40 pips on EURJPY. If you look at what happened with EURUSD, you can see where I entered and exited: I got out at 13000 as it was a round number and the shorter timeframe charts showed the resistance preventing the price from moving above this point.. h

December 15, 2012 No Comments Full Story

80 pips on EURUSD but exited too early!

80 pips on EURUSD but exited too early!

If you'd been following my Twitter profile on http://www.twitter.com/makemoneyalan, where I post my trades in realtime, you would have seen that I entered long EURUSD on Monday at 12911. I also posted the other day about how I wanted to move the stop to the days lows.... how I failed with that! I am still finding that I'm not holding onto my trades long enough and the temptation to exit my trades in a profit is still something that I need to work on. Anyway, here's the trade: The en

December 12, 2012 No Comments Full Story

Pinbar entry on AUDUSD nets 50 pips

Pinbar entry on AUDUSD nets 50 pips

So when the markets opened last night, I saw that there was a bullish pin bar. It was very apparently and had a very long tail which signifies strong buying. I tend to trade with the trend using the moving average line to ensure that I only go long when the price action is above the line and short when the price action below. However, when you get such a strong signal I couldn't just leave it. So I was rewarded this morning it started going up...  my initial trade was long at 10354 with

November 19, 2012 1 Comment Full Story

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