AUD/USD Position Week 3

Back to hourly trading, guess i'm not ready yet to trade the daily (psychology and money management issue). 

1st and 2nd Trade (hourly chart)
Bought Aud at 0.9790 yesterday. For this one, i'll use trailing stop and just let the profit run..

Also bought at 0.9785 with a target profit: near Fibonacci 38.2 retracement at 0.9860.

We'll see how it goes... :)




Update Position

2nd Trade hit the target profit, a total profit of 70 pips :) not bad...


Still holding one position, let's see how far it can go









Update Position

Hit my trailing stop (one tick below the lowest previous 5 bar) close my 1st trade at 0.9870, a total profit of 85 pips :)

looks like fib 38.2 retracement become a resistance..

Should i buy if it breaks the up fractal? hmm... we'll see

GBP/USD Position week 1

My first trade using daily.. weww, nice move, woohooo!! I

As i said before (look GBP/USD view), buy if it breaks the up fractal around 1.6110..
I bought a lil bit higher though at 1.6131...Well the market moves as expected..
Let's ride the trend and i"ll use the red line as my protective stop loss...











17 nov 2010 (update) close position

Hit my stop loss at 1.5950, a total loss of 181 pips.

Hmm.. Daily trade, less work and monitor to do but with a bigger whiplash...

If it breaks the last up fractal, i'll jump back in...

Let's try trading with the 4 hourly chart....