Forex Trade - August 29, 2008
Finally!!! I made a trade last night. Wow, it has been a long time since I last had a trade. There were a couple of days where I was just too busy. And, there were a couple of days where things didn’t feel right. Yesterday felt absolutely perfect. The EUR/USD was playing in a nice, consistent range throughout the evening. I set up my upper and lower barriers and waited for the currency to approach them. At 7:45pm there was a nice spike upwards towards my top barrier. Now, I waited and did some confirmation on this. Nobody wants to get into a sell trade during a large upward movement. I did my checks and figured that this was just a little blip that was going to drop right back down. I got into the sell trade and was rewarded pretty quickly. I will have to check my records, but this might be the quickest I hit profit using my new and “slower” strategy. My take profit target of 5 pips was hit after just 4 minutes! Damn, that’s quick. I am so proud of this one that I grabbed a screenshot for all to see.
Tags: Forex, Forex blog, forex day trade









