I got today off so woke up early at 6.45am to log into Simon Grinter's chatroom. If you are able to listen, he offers a real time commentary on the markets and lets you know of the trades he is taking. Today, one of his entries was a short below 107.80 and I took it! I rode the price action 30 points!! Hoorah! The market did go a lot lower however but a profit is a profit! If you want to join or sign up for his free trial, visit http://www.rainbowforex.com/
I shorted AUDNZD yesterday after seeing the stochastic cross at 12499. I have always been wary of not allowing my trades to run to completion so I left it running for as long as I could. The market did bottom out to 12435 (god knows why my trailing stop didn't activate which is rather annoying) and now it have moved back. The stochastics have cross the other way and the trend indicator has turned blue... I have close my trade for a measly +15. When it bottomed, I was sitting on 65 odd points.
I mentioned that I went on Simon Grinter's Forex seminar not so long ago... well, finally, I got a chance to put on his 'weekly breakout' trade. I put in an order to go long at 211.05 with a 100 pip limit and stop and waited.... I woke up this morning to find that my trade had been triggered and that I was already 20 pips up. By the time I got to work, my trade was about 70 pips up. There was some resistance around 212.00 so I took profit when it eased off (you never know, it may tank from he
