Unfortunately the NZDUSD trade didn’t work out.. I got stopped out for -50 though at some stage, I was 25 pips up… oh well!

Tags: charting, daytrade, daytrader, fibonacci, foreign exchange, forex, golden cross, long, makemesomemoney, nzd/usd, position trader, short, Spreadbetting, stochastics, stock market, Trading, trading advice, trading blog

I made a couple of trades this morning… firstly the NZDJPY long at 81.20 with my trailing 50 point loss. The market did go up my way but hit 81.60 dead on before dropping.. I just needed 10 more pips and my stop would have moved to breakeven. However, the market fell like a stone after this and I got stopped out. I also bet half my usual size for this trade so even though I took a 50 pip loss, it was in effect 25 pips…

I obeyed the signals and nothing is every 100% in trading.. it just didn’t go my way

My second trade was long NZDUSD at 0.7675 after a stochastics cross once again…  this one hasn’t moved much yet and I am currently down by 10 pips and still running.

Tags: charting, daytrade, daytrader, fibonacci, foreign exchange, forex, golden cross, long, makemesomemoney, nzd/usd, nzdjpy, position trader, short, Spreadbetting, stochastics, stock market, Trading, trading advice, trading blog

The previous evening before I went to bed, I put on a couple of trades based on the stochastics cross method I’d been using lately.

Firstly the NZDUSD short at 0.7820. I was probably a bit late in the entry as the trigger is a turn on the moving average trend indicator together with the stochastic cross. However, I got out when the trend indicator started to change at 0.7803 for +17 pips

Secondly, I went long AUD/NZD at 1.2185 seeing the stochastics cross and the changing of the trend indicator from red to yellow to blue. It shot up but then it shot down again and was at one stage 20 pips away from my 50 pip stop loss. However, I went to bed and woke up to find that it shot up and I took my profit in the morning at 1.2255 for 70 pips. The market has gone higher since however.

Tags: audnzd, daytrade, daytrader, fibonacci, foreign exchange, forex, long, makemesomemoney, nzd/usd, position trader, short, Spreadbetting, stochastics, stock market, Trading, trading blog, trend indicator