Posts Tagged risk reward

How I traded the GBPJPY forex pair today!

How I traded the GBPJPY forex pair today!

Today my focus was getting short on the GBPJPY forex pair. I decide this by looking at the daily and 1 hour chart. This gives me a rough idea where I think the market is heading. This is purely a visual thing to see the direction of the trend...  nothing complicated. What is a bit more complex is looking for an entry after you've decided which way you want to trade. I've annotated the chart slightly differently today and I'll go through it now. So after deciding to go short in the

March 28, 2012 No Comments Full Story