Missed Trade: Yesterday's High, Today's Low

I was uneasy about going long Cable before the release of the UK claimant count change report so I decided to stay on the sidelines for a while. I did n…

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Read more | Posted at 22:42 on Tue, 13 Jul 2010 | 40 views | 2 comments

Missed Trade: Aussie Doji

Wow, that was a pretty nice doji on AUDUSD's 1-hour chart. It formed near the previous day low and the ATR. Would've been a really nice day trade except…

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Read more | Posted at 14:12 on Tue, 13 Jul 2010 | 39 views | 0 comments

Missed Trade: Cable Retracements

Okay so I missed the boat a couple of times on this one. Even though I had a bit of time to watch the charts more intensely today, I wasn't able to jump…

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Read more | Posted at 21:52 on Sun, 11 Jul 2010 | 33 views | 0 comments

Unlucky Much?

I seemed to have done something to displease the forex gods last week because I had a couple of unfortunate trades. First, my long GBPUSD trade that was…

1 comment

Read more | Posted at 14:11 on Sun, 11 Jul 2010 | 88 views | 1 comment

Missed Trade: AUDJPY Canceled Trade

ARRRRRGH! Imagine my frustration when I saw AUDJPY make a strong break above the neckline of those double bottoms. I had that trade idea a few days ago …

2 comments

Read more | Posted at 16:01 on Wed, 07 Jul 2010 | 56 views | 2 comments

Missed Trade: GBPUSD Previous High

Check out GBPUSD's bounce from the previous day high! That would've been a nice day trade. The problem was, the pair's rally was so strong lately that i…

4 comments

Read more | Posted at 13:04 on Tue, 06 Jul 2010 | 47 views | 4 comments

Missed Trades: AUDUSD and NZDUSD

Volatility was down yesterday since most US traders were probably hungover from their Fourth of July celebrations. The major pairs barely moved during t…

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Read more | Posted at 13:13 on Mon, 05 Jul 2010 | 50 views | 0 comments

Rule No. 1: Don't Get Too Cocky

For some reason, this rule from the book "The Adventures of a Currency Trader" keeps popping in my head every time I have a winning trade. That's probab…

3 comments

Read more | Posted at 19:23 on Thu, 01 Jul 2010 | 80 views | 3 comments

Missed Trade: Cable Channel Bounce

I wasn't feeling so well yesterday so I decided not to trade first. I did see some good setups but I also had a tough time gauging market sentiment and …

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Read more | Posted at 14:48 on Thu, 01 Jul 2010 | 42 views | 0 comments

Missed Trade: Sketchy USDCAD Trend Line

I took a long AUDUSD trade today, thinking that the pair could rebound after yesterday's strong move. I also saw this short USDCAD setup on the daily ch…

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Read more | Posted at 23:02 on Tue, 29 Jun 2010 | 41 views | 0 comments

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