BlueScalper's Forex Trading

I am starting this journal to keep a track of my trading activity and to have all my charts in one place. I mainly use Fibonacci analysis for my trading which i have learned from various sources such as books,internet etc. I expect to improve my chart reading analysis as well become more disciplined trader as i progress and get further experience in trading.

best of luck to you!

AUD/CAD is interesting me at the moment for a trade setup. I will be watching price action on support areas to look for long.

NZDUSD is another pair i am watching for retracement to look into a possible long trade swing.

So, I entered long NZDUSD @ 0.8256 with SL 0.8219 .

wasn't feeling much positive on this trade and exited for 5 pips in plus . now waiting for further development.

Currently a counter-trend trade as the currency ( NZDUSD ) currently seems over-bought at these highs. Having a tight stop-loss at 0.83318

Closed the Short with +33 Pips.

My New trade is about USDCHF i think it is also ready for some reversal from these highs seems to be overbought or some profit taking will be seen. Entered Short with SL @ 0.9084