Just entered long on the break of the Daily pin on AUDCHF, SL below pin, TP up near last swing high.
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DislikedNow a couple a losers:
It's these couple of trades i am looking for more comments and analysis to see if i could have prevented them i.e. would you have taken them Dan? And if not why etc...?
In Order:
AUDUSD
EURNZD
Thanks
GarryIgnored
DislikedHi Garry,
Sorry it took a while to reply!
I like your trades... but I don't think I would have taken the AUD/USD or the EUR/NZD trades. It's easy of course to say this after the event but looking at these two setups I don't see a clear trend on the chart. The AUD/USD was tricky... it looked like it might be going up but I think it was consolidating more than trending. The EUR/NZD though I would have stayed well away from.
That's just my opinion of course... I prefer to trade the charts that have a clear and obvious trend wherever I can. I feel...Ignored
DislikedTrade Update
Trade No. 7 - Buy EUR/USD @ 1.3415 - possibly played my stop too tight and got closed at breakeven yesterday.
I am now looking for another signal to buy EUR/USD and sell USD/CHF. EUR/GBP and EUR/CAD also look appealing to me for a long.Ignored
DislikedYou did very well getting out at BE, i entered long EURUSD @ 1.34060 with a tight SL @ 1.33650 which has been hit. Did you watch price arrive at the resistance turned support area on the Daily then drop to the 4h for entry signal as i did?
I am long USDCAD @ 0.99743 from the BUOB.
EURGBP is dropping hard straight through the 0.8500 level, heading for the next level i see @ 0.8400, looking for reaction then for a long.
I agree EURCAD looks good but i will pass as already in USDCAD and i am long AUDCAD @ 1.03079 which i can see is consolidating but...Ignored
DislikedI am out of my USDCAD long @ 1.00750 for 2xR profit. AUDCAD is in profit and SL moved to BE.
Also long EURUSD again @ 1.34000 with a target @ 1.36800.Ignored
DislikedI traded very little in the forex market last year, due to large (and exhausting) expansion in my other business I had little time or interest in trading (although I did continue to invest in the stock market). I have now built up the necessary support giving me back a little more time to return to forex trading! I continue to trade a very simple trend based system... support and resistance, trend lines and gauging price action/reaction at areas of interest. I trade 2% risk per trade and aim for a minimum 1:1 risk to reward ratio (higher if I feel...Ignored