Unfortunately, I had two losing trades this week... firstly the USDCAD long
I had gone long this pair as it looked as though the downwards momentum had stopped.. I could see some support here. When I got a bullish signal, I entered long. However, this was very short term as the trend was still short and my stop got hit.
My next trade was the DOW short:
I got a bearish daily pin bar and the market had recently breached higher yet fell.. a bearish signed. I went short.. unfortun
December 9, 2012
No Comments Full Story
Pinbars show signs of strong buying or selling and they are great indicators to enter a market. The safest time to use them as trading signals is with the trend and when the market is experiencing a pullback. An entry with your stop at the bottom of the pin should do it.. then just ride it as far as you can.
There were quite a few opportunities this week and one of my weaknesses in trading is that I am unable to have more than a couple of open trades. As a result this week, I missed a couple
October 19, 2012
3 Comments Full Story