Wednesday, August 6, 2008
High probability set up
This is one of the high probability set up according to Barry Rudd. The reason why this set is very successful is consolidation near high of the day.Longer the consolidation higher the probablity,but we need to have patient to trade this set up. As most of the successful set ups tend to be boring it is one of them. Another thing is we can see that how accurate the fibonacci numbers are,to set up your exit target.
Tuesday, August 5, 2008
FCX short,KND long
FCX: I bought back half of my position after a doller gain and close the position after two doller gain .My decision ,wasn't good i should have hold on to the half of my position.
Monday, August 4, 2008
Sunday, August 3, 2008
Sunday, July 27, 2008
Saturday, July 26, 2008
Wednesday, July 23, 2008
Tuesday, July 22, 2008
Monday, July 21, 2008
One more forex trade
Today market was in a bullish mood, I watching GBP/JPY in 4 hours chart, but there wasn’t any trade in that particular time frame so decided to move to smaller time frame, 1 hour chart was looking good. I knew that the pair can find support @ 212.34 areas as you can see in the chart I marked it red. As soon as the pair approached the support level it formed a nice hammer .After that I didn’t need any other confirmation that the pair is reversing.
Sunday, July 20, 2008
Wednesday, July 16, 2008
Tuesday, July 15, 2008
Two more forex trades
I am very much interested in forex at the moment, it fits very well with my daily schedule. I found that technical analysis is almost same but fundamental is very different than stock market. I am trying to focus on both side when I see a potential trade .Any one have more inside on forex trading please don’t hesitate to leave it in the commentSaturday, July 12, 2008
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