Posts Tagged shorting eurusd

The Euro off a Resistance Line and a Pin Bar Pattern – Recipe for a Sell trade

The Euro off a Resistance Line and a Pin Bar Pattern - Recipe for a Sell trade

On the 26th evening, I checked the markets for longer term Position Trades and I saw this and got quite excited! This was the Euro (EURUSD) and you can see that the price action had bounced off the resistance line.. the pin bar pattern on the daily candlestick showed some healthy selling.. the market is going down! I shorted at the close of this candle with a target towards 13000. My stop was just above the tail.. the red horizontal line marked stop. I was going to leave this and just wai

April 27, 2012 No Comments Full Story

Fundamental vs Technical Analysis

Fundamental vs Technical Analysis

When I started to learn you trade, you naturally seek out what other people say.. unfortunately, when it comes down to what peole do say to start with, it's mainly share tips.. this is exacerbated by the fact that a lot of people who come into trading are looking for a fast way to make a quick buck... unfortunately, trading does not work this way... Trading actually made me learn a hell of a lot about myself, I learnt about controlling my emotions and also learnt about myself as a person... a

March 16, 2009 No Comments Full Story