Posts Tagged position trader

Caution in the markets

Caution in the markets

I have been rather cautious with my trading as the markets seem extremely volatile whipsawing as uncertainty seems to take grip. As a result, I have been extremely selective in my trading and hence the rather less frequent updates on the website. However, on Friday, I did make a trade on the AUD/USD forex chart. I traded this as I saw negative divergence on in the 4 hour chart on the stochastics as the market had hit a second high at around 0.9630. The stochastics also crossed and my trend si

July 7, 2008 No Comments Full Story

Todays Forex trade – long AUD/NZD

Todays Forex trade - long AUD/NZD

The markets have been looking rather choppy lately and have been rather difficult to trade. Anyway, last night the only market which looked relatively clean and non erratic was the AUD/NZD chart. I went long at 1.2600 and got out at 1.2660 for +60 pips which isn't a bad result considering the markets currently. The stochastics action looked clean and the short term price action looked ripe for some movement up. There was some previous resistance (as you can see from the chart) at the take pro

July 2, 2008 No Comments Full Story

Short USDJPY at 107.80

Short USDJPY at 107.80

I got today off so woke up early at 6.45am to log into Simon Grinter's chatroom. If you are able to listen, he offers a real time commentary on the markets and lets you know of the trades he is taking. Today, one of his entries was a short below 107.80 and I took it! I rode the price action 30 points!! Hoorah! The market did go a lot lower however but a profit is a profit! If you want to join or sign up for his free trial, visit 

June 20, 2008 No Comments Full Story

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