Posts Tagged trading system

AUDNZD – another Forex trade

AUDNZD - another Forex trade

This morning there was another trade I put on... this was a long at 1.2183 with AUDNZD with a top loss at 1.2120 and a price target of 1.2270 with the Forex Smart entry system (a stochastics crossover 12,12,5 and colour change moving average line). He recommends the EURCHF only however but this matched up quite nicely. The market moved nicely in my direction and I have already closed out at 1.2224. I need to keep to the system as I'll never make it as a successful trader if I keep closing ea

May 28, 2008 No Comments Full Story

EURCHF update on my trade

EURCHF update on my trade

Yesterday, I mentioned that I had entered long on the EURCHF at 1.16172. The market initially went my direction hit a high of 1.6235 before retracing. I moved my stop up to entry and it got hit which was a bit unfortunate at the market shot up again and hit a short term high of 1.6278 which is over a 100 pip move. My initial target was 150 points though... anyway, a little disappointing but at least I didn't make a loss. The chap from Forex Smarts where I pilfered his system recommended takin

May 28, 2008 No Comments Full Story

Where the S&P ended up (without me)

Where the S&P ended up (without me)

I thought I would post where the S&P ended up when I closed my trade early at 1382. I took 2 point when there was 8 for the taking!! Arrgh.. Anyway, it's good to look back on the charts and see where it went wrong. The obvious exit would be when the S&P crossed below the 80 line in the stochastics and the MACD crossed.. this would have been at about 1386 which would have been still, a lot further than where I got out!

May 27, 2008 No Comments Full Story

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