Posts Tagged euro
So today I closed my EURUSD long trade which I got in a couple of days ago at 13225. You can see that from the chart where the price is at now.. 13278.
From the Daily chart, you would wonder even why I closed this trade and from the Daily chart it's not clear. However, earlier today, the big green candlestick did not look like this.. the EURUSD market had dropped heavily and looked like it was about to go lower. The blue resistance line which allowed me to go long the first time which was
July 25, 2013
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So today I've entered long trading the Euro at the bottom of what looks like an ascending channel. Of course, this is my interpretation and the points within the channel never exactly match up but what is clear is that the price action have generally been moving upwards.
Within an uptrend, the optimal point for entering is the higher low as you can put the stop below the low and if you're right, you should benefit from a good risk/reward trade. The exit would either be the top of the chan
February 12, 2013
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A couple of days ago, I had shorted the EURUSD forex pair at the point marked above. The price action looked as though it was just retracing before a further fall. I was thinking that a move below 13000 would trigger a flurry and sell trades and the market will drop a few hundred points.
I was a little wary as the downward momentum after I had gone short wasn't really there so I had been moving my stop down as the price action moved down. Today, the market open a little lower but momentum
January 10, 2013
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