Forex Trading

hiya,

chfjpy kicked in yesterday, not looking too good yet.

eurusd having a big fight back now but let me ask the question - this was almost 500 pips up - and ive let it go back to less than 50 up - could you stomach that? if not then i can honestly say that you should stop reading my blog - im a long term trader - i shoot for 1000+ on trades and im happy if i just get one or two a month. The pullbacks are the price you have to pay to bag the big ones. EURUSD could still lose beleive it or not as there is not yet a smart place to move the stop to. Remember, a candle isnt formed until the end of the day on the daily charts.

Anyway.

STOP MOVE AUDUSD - SL MOVED TO 0.7026 LOCKING IN 100 PIPS

Can you see why i chose that area? - clear support from yesterday means there is a smart area for the stop.

Starting to think i may cancel the EURJPY order but not yet.

also note, i will most likely move the EURUSD stop to 10 pips or so above todays high - wont do it till i see the state of the candle at EOD though.

Stay Lucky.