Posts Tagged Trading

AUDUSD – Got caught by the Stop Hunters

AUDUSD - Got caught by the Stop Hunters

  This is what Friday's trade looked like. You can see that a support was formed at around 10400 and I went long after the second bounce of the support level. Although the price action was still in a downtrend, I felt that we had a good chance of a good move up from this level and hence the long trade. However, I got stopped out as the price action pushed down below support taking out the stop and then finished above the stop again. This to me looks like a push to trigger the stops b

February 3, 2013 No Comments Full Story

Making Some back Trading Silver

Making Some back Trading Silver

[caption id="attachment_7658" align="alignnone" width="601"] 16th January - Silver Long[/caption] I've found that it is always difficult psychology wise to trade as well as you should if you start with a losing trade. Our Gold trade earlier in the week had left us with a 120 point deficit. Trading Silver is a bit like trading gold as they move in tandem with each other, it's not often that you'll see them diverge. Anyway, I went long Silver on Wednesday after see a positive pin bar.. it sh

January 19, 2013 No Comments Full Story

Expect the Unexpected when Trading the Financial Markets

Expect the Unexpected when Trading the Financial Markets

A couple of days ago, I had shorted the EURUSD forex pair at the point marked above. The price action looked as though it was just retracing before a further fall. I was thinking that a move below 13000 would trigger a flurry and sell trades and the market will drop a few hundred points. I was a little wary as the downward momentum after I had gone short wasn't really there so I had been moving my stop down as the price action moved down. Today, the market open a little lower but momentum

January 10, 2013 No Comments Full Story

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