Posts Tagged trading forex

EURJPY – The one that got away!

EURJPY - The one that got away!

My EURJPY trade earlier this week saw me get in the trade at a great place... however, once again, I fluffed the exit. The chart is below: The horizontal blue lines show where I entered and exited. I entered at 10657 after seeing the pinbar. I got a little wrapped up in the lower timeframe charts and saw resistance at 10700 and close the trade. I took 40 pips on the trade. You can see that the trade has since moved another 170 pips beyond my exit.. if I was still in this trade I would be

December 12, 2012 No Comments Full Story

80 pips on EURUSD but exited too early!

80 pips on EURUSD but exited too early!

If you'd been following my Twitter profile on http://www.twitter.com/makemoneyalan, where I post my trades in realtime, you would have seen that I entered long EURUSD on Monday at 12911. I also posted the other day about how I wanted to move the stop to the days lows.... how I failed with that! I am still finding that I'm not holding onto my trades long enough and the temptation to exit my trades in a profit is still something that I need to work on. Anyway, here's the trade: The en

December 12, 2012 No Comments Full Story

Pinbar entry on AUDUSD nets 50 pips

Pinbar entry on AUDUSD nets 50 pips

So when the markets opened last night, I saw that there was a bullish pin bar. It was very apparently and had a very long tail which signifies strong buying. I tend to trade with the trend using the moving average line to ensure that I only go long when the price action is above the line and short when the price action below. However, when you get such a strong signal I couldn't just leave it. So I was rewarded this morning it started going up...  my initial trade was long at 10354 with

November 19, 2012 1 Comment Full Story

« Older Entries   Newer Entries »