Now I wasn’t completely confident about this trade but still, I am int he trade… 6568 long with a stop at 6525 and my limit order placed at 6630

Tags: audusd, currency trading, day trade, foreign exchange, forex, Forex trading, spreadbet, trader, Trading

Double top pattern in the 15 minute chart with the EURCHF forex pair so I shorted it at 15202.. I have a 50 pip trailing stop. As you can see the red line shows the resistance.

Tags: currency trading, day trade, daytrade, foreign exchange, forex, Forex trading, spreadbet, Trading

I was too tired to update my trade last night but I had shorted the GBPJPY at the red arrow. The Japanese candlestick shooting star was the indication for me that the prices were going lower and I had set a stop at 50 points and actually was looking at 150.90 as an exit which was just above the previous low made a few days ago.

The market moved nicely down and when it moved 50 points, I moved my stop to breakeven and left it. However, it bounced up and hit my stop for zero points which was quite annoying as it was +80 up at one stage. Further to this, the market is now trading at 150.40 which would have been a very nice trade for me if it had gone in my direction.

All in all however, I am beginning to become happy with my trading… I am finally seeing encouraging results..

Tags: breakeven trade, candlestick, candlestick trading, daytrade, daytrading, foreign exchange, forex, forex blog, japanese candlestick, scratch trade, spreadbet, Trading, trading blog