Bit late with this post as I've been away due to a personal/family issue.
I have added to my E/U position with another long at 1.4500 (added on the 26th).
The Trend Trader
Trade with the trend; it's your best friend!
Friday, 29 April 2011
Friday, 8 April 2011
Trade No 10 - EUR/USD
Trading has been quite slow lately - been very busy and haven't looked at the charts much.
I was waiting for E/U to re-test 1.4000 for another long entry but I never got it.
I have added a third position though - went long @ 1.4250 yesterday.
I was waiting for E/U to re-test 1.4000 for another long entry but I never got it.
I have added a third position though - went long @ 1.4250 yesterday.
Wednesday, 2 March 2011
Trade No 9 - EUR/USD
Price rejected the key support/resistance level at 1.3750 over the course of the night and the early hours of this morning.
This gave me a nice opportunity to add to my EUR/USD long position with a tight stop.
I added long @ 1.3760 (20 pip stop).
This gave me a nice opportunity to add to my EUR/USD long position with a tight stop.
I added long @ 1.3760 (20 pip stop).
Monday, 28 February 2011
Trade Update
EUR/CAD turned on me!
I happened to be watching events unfold on the 15 minute chart (to get a clear view of price reacting) and I thought I was going to be saved by the pin bar in my chart but I wasn't. I tightened my stop on the break of the pin to 1.3470 which was subsequently hit.
Trade No 8 was therefore closed for a loss of 20 pips (0.5%).
Trade No 8 - EUR/CAD
Got back in long again after test of ascending trendline, test of broken descending trendline and support around 1.3425.
I am long @ 1.3470 (80 pip stop).
Would have gone long off the hammer on the H4 charts but I was asleep then!
I am long @ 1.3470 (80 pip stop).
Would have gone long off the hammer on the H4 charts but I was asleep then!
I therefore decided to drop down to the H1 charts to look for an entry and decided to buy at the close of this mornings (London session) opening candle:
Friday, 25 February 2011
Trade No 7 - AUD/JPY
I posted this possible setup yesterday at Forex Factory and have since taken the trade.
I am long AUD/JPY @ 82.90...
The reasons for the trade were:
1. Retracement to ascending trendline
2. Retracement to support/resistance at 82.50
3. Retracement to fib levels
4. Hammer formed (as trigger) at the area of interest
I am long AUD/JPY @ 82.90...
The reasons for the trade were:
1. Retracement to ascending trendline
2. Retracement to support/resistance at 82.50
3. Retracement to fib levels
4. Hammer formed (as trigger) at the area of interest
Trade Update
Trade No 3 (GBP/USD long @ 1.6100) closed out at breakeven.
Trade No 6 (EUR/CAD long @ 1.3450) closed out for +100 pips.
Trade No 6 (EUR/CAD long @ 1.3450) closed out for +100 pips.
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