I've been loving the Olympics lately!!! I hope you've been getting involved in it as much as possible - so much great tv. I love watching the dreams being realised...and it's interesting to see peoples hopes being dashed as well. It shows how much these athletes care!!
Trading:
GBPUSD: I'm 120 pips up, or 1%, on the daily trade that I took earlier in the week. Inside bars are effective price action entries, and this one has worked out for me. I've now moved my stop past break even and taken 2/3rds of the trade off. Always pay yourself when the market makes profit available.
EURAUD: I've only got a 3rd of this position left on the table, and I'm trailing my stop loosely behind it on the 4hr lower highs. I'm pretty happy with how this trade turned out.
New Trades:
EURUSD - I've traded this because my entry criteria within a down trend was satisfied. I'm slightly concerned that it was because of things said in the FOMC that the trade was triggered. Hopefully there won't be any large action buying the dip. Rather, I think the fundamentalists were reassured that things are better in the US than in Europe (best of the worst...).
Orders:
NZDUSD - I'm liking the three high test bars we've had on the daily now. It seems that NZD is struggling to break this resistance level. My entry is below the low, stop above the high of Monday's bar. Target is the monthly pivot at 0.8005. Actually, as I write this it looks like I'll be triggered in.
YOU:
How is your trading going?? I'm getting a few hits on here these days, so I assume that some of you are looking at the charts, and going through the same thing as I am! Trading is just one of the big rocks in my Jar of Life...what are the rocks in yours?
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