Archive for January 3rd, 2013

First Trade of 2013 – EURUSD short

First Trade of 2013 - EURUSD short

So for those who follow my Twitter feed, you'll note that I shorted the Euro (EURUSD) forex pair last night. The reason why I went short was because you can see that the bullish momentum seemed to have come to a halt... no more upwards movement. Then we got this massive bearish pinbar and that was our cue. I only held the trade from last night but as you can see, it fell like a stone. I don't like hard movements like this as it increases the chances of a pullback before a further movement so

January 3, 2013 2 Comments Full Story