Friday, April 6, 2012

Good Friday, No Trading?

Since today is Good Friday and most major countries are having their holidays. I won't be doing any trading. The daily chart of AUD/JPY pair looks interesting but since it's a holiday, I will be passing it.

Bare in mind that banks will be close which means that there will be low in liquidity. Probably the movement of the price depends on retail traders which may be very unpredictable. Time to take some time off from forex. :)

Wednesday, April 4, 2012

03/04/2012 Short EUR/CAD [Close]

Open Price: 1.3179
Stop Loss: 1.3341
Took this trade yesterday based on the weekly trend line and the 1.3250-1.3200 area. This trade is still open at the moment.

Close this trade when price reaches 1.3050. Seems like price keeps on going down at the moment I update this post. Guess I can't grab every pip of it. Should be grateful to close this with positive pips.