Posts Tagged forex
I was reading an article the other day which said that the markets these days are harder than they use to be to make a profit.. 10 - 20 years ago, you could just buy/sell and hang on.. the markets would generally trickle one direction. In this day and age, the market volatility is extremely high and it's not easy to enter the markets and make money.
I don't know how true this is but certainly, the markets know exactly where to hit you and take you out. I have always thought that a stop shou
September 20, 2012
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The AUDUSD forex pair looks like a good long entry. You can see a pullback from the highs and the daily chart shows that a double bottom has been formed just above 10400. I've gone long at the current price (marked E) and put a stop order at 10400 and a target 80 points higher. I'm looking at a 1:1 risk to reward on this trade with a maximum loss of 1% loss on my account if I lose.
My trading these days has become rather boring... I set my trades and let them run to completion.. I know th
September 19, 2012
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My order at the end of last week missed it's entry by a mere 10 pips which is rather annoying. I was correct about there being strong support at the 15480 level except that the buyers came in earlier at 15490 and pushed prices up to 15660 which is +170 pips! It would have been a very nice start back into trading if it had trigger but it's given me confidence that my analysis is still good and I can still see good trades.
If I had an entry, I would have moved my stop to breakeven and see
August 5, 2012
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