Saturday, July 31, 2010

AUD/USD Limit Sell 0.8948

AUD/USD reached first resistance at 0.8845 and is now looking to test 0.8918. Pre-London target

EUR/USD target reached; close rest at +60

EUR/USD reached an intraday high at 1.4025, before retracing to 13940. Our Sell entry was reached.

EUR/USD First target reached 1.4000

EUR/USD reached an intraday high at 1.4025 to reach our short entry order at 1.4020.

Forex Trading Styles, Profit Targets and Stop Losses

One of the difficulties traders often experience early on is deciding on what kind of trading style will work best for them – whether to capture the big moves or to be content with the intra-day action.  Being clear from the outset about what kind of trading style you plan to implement is important because [...]