Posts Tagged trading forex

Trading the Nonfarm Payroll (NFP)

Trading the Nonfarm Payroll (NFP)

The nonfarm payroll or NFP is an economic news item which comes out once a month in the US and details the number of jobs added or lost in the economy over the month. This is always a big event and in most cases, massive movements in all markets are seen when it is released. You can read more about the nonfarm payroll through the Wikipedia entry here: http://en.wikipedia.org/wiki/Nonfarm_payrolls I'm going talk about trading the nonfarm payrolls.... don't do it! In my experience I've found t

December 2, 2011 No Comments Full Story

Caught on a Fakeout – Trading the Currency Markets

Caught on a Fakeout - Trading the Currency Markets

I entered long the GBPAUD currency the other evening. I had placed my order 10 pips from the previous high and was expecting quite a big move towards the upside. When my entry came, it went a few pips up and then went down. I had my stop below the last trend reversal pattern. Over the next couple of days, not much happened.. it remained in the range and I thought that since the price action preceding this was up, there was more chance of it moving north. When markets are stuck in a range, my vi

September 14, 2011 1 Comment Full Story

Money on the Table – GBPUSD and GBPJPY trading – 18th July 2011

Money on the Table - GBPUSD and GBPJPY trading - 18th July 2011

One of the reasons why I post my entries and exits is because it doubles up as my trading log of what I'm doing. I can learn from my mistakes (hopefully) and this should in the long term make me a better trader. Today I got some good entries but I didn't follow my gameplan which would have left me still in the trades. This was for both the below trades GBPUSD and GBPJPY. I had entered both short. The GBPUSD I entered on Friday morning and I didn't feel completely confortable with it as Fri

July 18, 2011 No Comments Full Story

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