Friday November 20- Aussie scores +110 pips – What a great day!!!!!!

November 20, 2009

FX Trading, Uncategorized

Following from my late post last night the Aussie trade was executed this morning short at 0.9200 that big round number I was talking about.

The MACD divergence and price conspired nicely in my favour to deliver the goods.

I only needed a 20 pip stop loss and guess what……………………………I added to it half way down on the little pull back on the 15 minute chart.

It’s strange the way trading works sometimes. I was chatting to Paul on Skype first thing this morning and we were both saying that the charts looked a bit offish.

In my head I was saying that I would probably only demo trade today as I really wasn’t feeling it.

But boy what a day it turned out to be USDCHF, EURUSD, EURGBP, GBPJPY (see Alan’s diary note), GBPCHF all fantastic trades – I didn’t take the cable trade as my hands were already full………………………and obviously I didn’t demo trade ….well durr!

Poor old US traders were left with Europe’s sloppy seconds to trade.

Lessons learnt:

Don’t always judge your charts by the first few bars – expect the unexpected and sometimes what looks like a mess can develop into your idea of trading heaven. 🙂

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