Monday, 30 April 2012

Short term trades on long term charts

Hi my faithful readers :-)

I hope you have started your week with positive balance on the account.

Last week have been closed on break even, with positive AUD/USD trade and negative GBP/USD. 

As there is no clear picture regarding support / resistance and the pairs are somewhere in the middle, I've used this situation, along with my vacation days, to trade more shorter term trades, on longer term charts. I will give you an overview of how it went.

Tuesday, 24 April 2012

AUD/USD buying into support

There is pretty strong support level @ 1,0250. I set up an order and was executed, entered into long position again @ 1,0250 same as previous week.

Monday, 23 April 2012

GBP/USD selling on resistance area

Hope you started your trading week good. For the first trade, I'll start shorting the cable. There is a resistance area on weekly, as well as over extension in the short term up momentum. Stop is 60 pips above high's and take profit somewhere down, along the way. 

Thursday, 19 April 2012

Weekly overview: EUR/CAD took advantage on daily support

After I haven't entered EUR/USD as my buy order was @ 1,2990 and the market went to 1,2995 lowest point, I was a bit frustrated.

And after that, EUR/JPY long trade I moved too quickly on BE (when I was + 50), then with a sharp move down stopped me out and surged up like mad. Totally insane.

I was correct about aussie going down, stopped there on the very high. 1,0410. Also insane.

Finally, one positive trade to close the week, EUR/CAD sitting on long term support, with hammer candle pattern, it was a clear indication to go long.

Wish you all a good weekend! Enjoy!

Tuesday, 17 April 2012

USD/CAD selling above parity

With the help of my friend,  I've realized one good trade on this USD/CAD, selling above parity and got out + 90.

AUD/USD I was short but got stopped out, on the latest high, with - 50. Still think it's a short, but won't chase the market there.

Monday, 16 April 2012

closed kiwi - think risk "on" is taking over

Closed NZD/USD with + 60 pips, and missed an entry on EUR/USD by 5-6 pips (long @ 1,2990) - market haven't catched my order...

Friday, 13 April 2012