Tuesday, April 29, 2014

Forex Trade Example (28 Apr 14)

Only 1 trade today. Most pairs were inactive or didn't show any obvious trends.

Disclaimer:  This is purely for sharing purpose only, not a trading advice or instruction.


Trade: Sell on short term downtrend, after previous low was broken. After a large upsurge, pullback has to be quite strong. Nevertheless, it’s short term, so took profit at next bar.
Review: Risky trade. Long term uptrend can continue after a large upsurge. Good to take profit very quickly.

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