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.

Wednesday, March 28, 2012

26/03/2012 Short USD/CHF [Close]

Since I am free at the moment, I'd like to jot down on my Forex diary on a trade I took one Monday. Took a short USD/CHF trade two days back. It went down a little and now it is back up hovering around the price I opened the trade.

Open Price: 0.9062
Stop Loss: 0.9160


I took this trade based on last 2 weeks Pinbar which seems like it is still valid. Or is it not?  










The daily chart when I open the trade as below.









The USD/CHF chart as of today. The 0.9000 area seems to be a problem for the price to move pass it.









Moved my stop loss to breakeven +8. Quite a long trade for this one.









Trade closed at BE +8.

Wednesday, March 14, 2012

14/03/2012 Short EUR/AUD [Cancel]

Trade: Short EUR/AUD  
Open Price:1.2380 + 10 spread
Stop Loss: 1.2530
Reason(s): Same as the previous trade, the daily and weekly trend seems to be down. The 1.2450 - 1.2500 area seems to be hard to breakthrough so it might go down again.