Monday, October 15, 2007

Forex trading 10/15/07

I really like this new time frame 1min is to slow for some stuff. Until I see it on 1min chart it's late for acting. It 's just the way I'm comfortable to trade.

First quick in and out of gbp/usd for +10 pips

Forex Intraday Trading

I was expecting that usd/cad will bounce back from that near 0.9700 level but it didn't. because of that I wasn't in the mood for staying longer in the trades. It could run down through 0.9700 in a second for 30 pips or something so better not to hang around.

In the end it didn't penetrate 9700 but didn't go very far either. It would be great to pick up that other long pips but it's ok with

+4 & +5 pips on my trades

Forex Intraday Trading
Forex Intraday Trading

That first trade in gbp/usd turned out to be shake down before uptrend. It looked at the moment like resistance 370 was holding and that downtrend will start. When something like that happens, fast unexpected fall, than you start looking for shorts. If you were looking long it's gone now, your mind is thinking differently now. Every uptick looks like just reaction and you just wait when will fall continue. It's than late when you realize, look there is uptrend suddenly.

Forex Intraday Trading
Forex Intraday Trading


Hugh Gordon said...

hi. Would you be interested in an affiliate partnership? Or perhaps a daily forex analysis report?

Looking forward to hearing from you shortly...

Hugh Gordon

Hugh Gordon said... me at if you're interested. Thanks

FX said...

Hi Hugh
No I'm not interested