Welcome to this trading blog. The purpose of this blog will be to highlight simple trading setups and concepts which will hopefully help to increase account balance, minimise stress (due to trading) and make us all better traders. I only look at higher timeframes (1 HOUR AND ABOVE) and as such am able to walk away from my computer screen i.e 'set-n-forget'. I am also a believer in the KISS (Keep It Stupidly Simple) principle and try to apply this to my trading using simple concepts e.g. divergence, minimal number of indicators, confluence of factors, and most importantly PRICE ACTION.
Hope you all enjoy it.

11 August 2010

EURJPY

Hi all


Got creamed on the AUDUSD trade made on the 9th...ah well....
c'est la vie. I got into a short trade on the EURJPY yesterday. The signal was this beautiful pinbar(looks like a hikkake pattern) on the 1 Hour chart following the FOMC news. As of today I am up over 250 pips and the bearish momentum is going strong. My trade is at breakeven at the moment. Will see how this pans out.


Happy trading
Posted by Ayo Odunuga at 18:24

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)