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Showing posts from 2011

EURGBP Short

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OK, here we go. The H4 candle came out a shooting star at resistance. This trade brings with it a bit more risk in being that it's a counter trend trade with the idea that price will come back to the ema mean as shown in the image below: Daily EURGBP chart UPDATE: Got totally whacked on this one. No pullback whatsoever.

AUDUSD Short

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Here's another trade that worked out pretty well except it missed target. Still, it was closed at better than 1:1. I reduced target distance from entry after considering why the last trade posted did not make target. Hopefully, the next trade will finally make it to target. 

USDCAD Short Trade

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This trade started off well enough, but ran into what looks to be firm resistance though it could be just profit taking before the weekend. Closed the trade for just better than 1:1. I'm going to do some work on profit target analysis over the weekend.

EURGBP Short on H4 Chart

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Double top with second top being a slightly lower high than the first. Inside shooting star candle pattern. Out at TP for ~ +110. Stop loss was 35 pips.