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Types of orders in Forex
By now we know that as a part-time Forex trader we can take 3 types of action: 1. Buy a currency pair 2. Sell a currency pair 3. Just watch from the sidelines Do not underestimate the third action, which is no action at all. One of the major sins of which all traders are … [Read more…]
EURUSD
EURUSD Buy 1.3622 SL 1.3579 P1= 1.3644 P2= 1.3664
Nov. 28, Good morning!
AUDCHF Buy 0.8281 SL 0.8238 P1= 0.8296 P2= 0.8305 EURNZD Buy 0.6711 SL 0.6688 P1= 0.6734, P2= 0.6748 USDCAD Sell 1.0566 SL 1.0603 P1= 1.0552 P2= 1.0534
Nov. 27 end of day
I didn’t have much time to trade today and missed a few opportunities. But that’s the beauty of Forex. It’s always there for you. Never chase a trade, another one is just around the corner. Anyways, let’s make it more fun and calculate profits/losses in dollars as opposed to pips. Let’s see how much money … [Read more…]
Market is unmoved by the news
Cancelled all EURUSD orders. USDCAD 18 pips of profit, the other 2 positions SL hit at break even.
EURUSD News play
Trading 2 units with P1 = 20 pips and P2 = trailing stop or end of day EURUSD Sell Stop 1.3578 SL 1.3612 P1= 1.3558 Buy Stop 1.3612 SL 1.3578 P1= 1.3632
USDCAD P1 is filled
USDCAD P1 is filled. Moved SL to break even at 1.0566 Notice how the price just touched 1.0585 and immediately pulled back.