Wednesday, May 18, 2011

Second attempt

A few more trades below the 1,4270 resistance. I didn't believe that the breakout was imminent, so I closed every time the price approached the "roof" and on the slightest pull back. Obviously the strong move was the other way round (down) but I had already stopped for the day when that happened.

5 comments:

athan00 said...

Forexbird might if you share with us what is your TF you re trading on? Also why don't you prefer to use japanese candlesticks on your charts?

The forexbird said...

I use range 3 on ninjatrader cause i see better with this the sup and res points whithin the price move.

forexlook said...
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Willey said...

It feels so good when we get smooth trades in between the tough situation, but at the same time, it’s vital not to expect similar scenario all the time. This is where newbies struggle where they try to manufacture something that’s not there and it causes huge losses. I always keep myself into the situation and follow that and that’s easy with quality broker like OctaFX. They have excellent daily market updates feature while their low spreads, high leverages, zero balance protection and such things complete the picture!

Unknown said...

The foreign exchange market (forex) is the largest market in the world for the trading of currencies.