Start your own blog and share your trades at MeetPips.com
If you haven’t done so already , go check out BabyPips’ newest creation, FreshPips.com !
Freshpips.com delivers to your e-door step the most relevant Forex news and research on the Web. The stories you see on FreshPips are submitted by site members – you and your fellow Forex traders. You then decide what’s “fresh” and what, well, sucks. Top honors – submissions placed on the main page – are given to the stories deemed fresh by the FreshPips.com community as a whole.
Check it out, register, and start submitting cool Forex stories today!
Ok so I know it’s been fooorrreeeverrr since I last posted and I apologize for all those who follow this blog. I’ve been so busy with my new house being built that I haven’t really had much time to trade, let alone post. Excuses aside, I am sorry for not keeping up to date. I am set to close on the house tomorrow so I can’t promise every day updates until a couple more weeks but I will definitely try to post as much as I can and should be able to start doing videos again once I get settled in the new place. Thanks for your patience and your support during this crazy time for me! Happy trading everyone!
Current Trend= The trend remained down the entire day.
Today I only looked for short trades.
News events to watch for today :
- 4:30am EST– UK CPI y/y
2:30am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.4519 with a stop at the most recent high at 1.4573. Since I was 19 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4500.
Entry: Short at 1.4519
2:45am EST– My target was hit. Price made a clean break so I moved my stop to 1.4500 and set my next target for 1.4350.
3:00am EST– Unfortunately I was stopped out at 1.4500.
6:45am EST– There was a moving average crossover for a short trade. RSI was less than 50, stochastics were trending down and MACD went from positive to negative. This was a valid entry. The entry was at the close of the candle at 1.4537 with a stop at the most recent high at 1.4605. Since I was 19 pips away from the nearest 50 or 00 level, I decided to put my initial target at 1.4500.
Entry: Short at 1.4537
9:30am EST– Unfortunately I was stopped out.
Trade Result: +19 -68= -49 pips (NOT INCLUDING SPREAD) R-Multiple: 0.35; -1.00
News events to watch for tomorrow :
- 4:30am EST– UK Claimant Count Change; MPC Meeting Minutes
For a complete list of news events check out our News Section