My Forex Journal

Let me correct myself ..... the overnight movers I daytrade in the direction they decide to take...

 

I have a signal on AUDUSD, but will hold on it till after the FOMC....
If I miss it it is ok.... we will get more signals...market is not going to stop...

 

Right on brother

 

Lots of pent-up energy in aud as well, IMO.

 

Yes for sure...

 

How long will you let a trade like EUR/GBP go that is neither winner nor loser?

 

As long as it needs.... or till my exit strategy gives me a signal to exit... witch ever comes first

 

And at this moment it is still long and as a matter of fact it is forming a very nice cup and handle....

 

@Cswim63 Have a look at NZDCAD.... look how close it got to the stop.... but my exit strategy did not signal an exit... looks like it was still short

 

OK I will. How bout USD/Cad? Do you have a mechanism to get back into a trade that hit your target and is still working? Just about the time I was wondering whether I'd initiate a small position on the retracement to the37.25 level it sank like a rock