Archive for October 27th, 2008

New Trading Magazine – YourTradingEdge – 50% off subscription

There is a new trading magazine out in the market called YourTradingEdge for the UK market and if you click on the below link, you can subscribe at a 50% discount if you use the code YTEUK0809 The link is www.yourtradingedge.co.uk/launch It claims to be the definitive guide for traders in CFDs, Stocks, Options, Futures, Forex and Commodities. From the link, you can also download the first edition in PDF for FREE!

October 27, 2008 No Comments Full Story

The right thing to do.. USD/JPY

The right thing to do.. USD/JPY

It seems like I did the right thing when I close my trade previously.. the market has dropped like a stone.. it's a shame I didn't enter the short as it would have been a nice trade!

October 27, 2008 No Comments Full Story

USDJPY Forex trade

USDJPY Forex trade

I bought the USD/JPY pair at 93.75 as it broke the bearish 5 minute pattern. I had initially put on a 100 pip target with a 50 pip stop. The market hit a short term peak of 94.15 and then headed lower.. I waited to see if it would go up against it again and yes, it did and start it fall away from it.. hmm, I could take my profit or wait to see what would happen. Looking at the 4 hour chart, the chart looks like it may go lower so I took my profit at 94.10 for 35 profit.

October 27, 2008 No Comments Full Story

 

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