Posts Tagged long
Yesterday I complained about the AUDNZD trade shooting through the roof after I had closed my trade. I said that I would enter new trades with a 50 pip trailing stop loss on my Forex trading.
Well, last night, I found two more potential candidates in the Forex markets... the EUR/CHF and the EUR/JPY. Both charts had the stochastics cross and the change in the trend moving average indicator.
The EURCHF had previously cross the day before and I had traded this signal to find that I had got
June 5, 2008
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I was pretty smug this morning with 70 pips on the AUDNZD trade I made recently... I have just checked my Forex charts and this is what I see....
The market hit a peak of 1.2435 which is about 250 pips!!!!
The thing about trading is that you can hold for greater moves or just get in and out where you can. I am thinking of holding out for great moves.
Anyway, I am going to try the follow for my Forex trades... enter a trade with a 50 pip stop and a trailing 50 pip stoploss. Alternati
June 4, 2008
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The previous evening before I went to bed, I put on a couple of trades based on the stochastics cross method I'd been using lately.
Firstly the NZDUSD short at 0.7820. I was probably a bit late in the entry as the trigger is a turn on the moving average trend indicator together with the stochastic cross. However, I got out when the trend indicator started to change at 0.7803 for +17 pips
Secondly, I went long AUD/NZD at 1.2185 seeing the stochastics cross and the changing of the trend
June 4, 2008
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