Trading currency crosses opens a whole new side of the currency markets, as different crosses possess different qualities that can suit any style of trading. Some crosses move fast and are extremely volatile with daily ranges that may exceed over 100 pips. While other crosses move relatively slow and exhibit low volatility, which is more suited for novice traders.
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D'oh! EURCHF hit my manually placed trailing stop at 1.3250 when it pulled back up yesterday. Still, a win is a win, +60 pips for me! Boo yeah!… More…
Sadly, the bears were too aggressive on this one and did not let the pair retrace high enough to reach my entry point. Because the pair has made a new swing low, I need to close any open orders that I have. … More…
D'oh! I guess I was a little too confident that the pair would keep rising and I should have closed earlier when I had a chance! … More…
Do'h! Instead of dropping like a rock, the pair actually broke up top and rallied towards 76.50! … More…
Doh! The CADJPY did break out... But to the bottom! Looks like risk aversion remains king of the FX markets! … More…
