Posts Tagged shorting

USDJPY short

USDJPY short

I placed another trade.. a short at 90.31 as the price action looked liked it was falling and going south.. however, it is current retracing right now. My stop as you can see is around 90.60 with a target price of 89.95. It's not looking good at the mo but the daily chart is still looking like a short. I may get stopped out but I expect to see the price action to get to 89.00 in the next few days... we'll see.

February 11, 2009 No Comments Full Story

AUDUSD trade…

AUDUSD trade...

A successful Forex trade.. I made 45 points on this.. as per my previous post, I mentioned that I was at the gym.. I would have managed to get out a bit earlier when it spiked up.. probably would have got out at around 0.6385 for a further 20 points.. oh well, never mind.

December 1, 2008 No Comments Full Story

Trading the DOW profitably too!!

Trading the DOW profitably too!!

Following on from my earlier FTSE trade of today, I also spotted a perfect entry for the Dow Jones today.. it's a shame that I didn't trade it as it would have been extremely profitable.. it's nice when the markets hit a perfect resistance line and short.. however, these perfect hits are rare and look great if you have executed them in the right manner.. however, more often than not, if you saw this movement, the markets wouldn't behave. However, I did short the Dow for a quick scalp trade wh

September 22, 2008 No Comments Full Story

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