Trades of the week

Yesterday both of my orders, GBPNZD and GBPAUD got canceled. Both of them closed above the highest high that triggered the order. It was good though, because it looks like on both of them the market retraced back and has more volatility than I’d like to see on my open trades :)

Anyway, my other trade in the CADCHF hit my TP order and that’s good enough for me.

This week wasn’t that bad, Two of my trades reached the TP order, one hit my SL and about 3 where closed from 2 to 40 pips… that’s about +5%
So it seems that even though there are a few fundamental stuff we should worry about (US debt, Greece, Portugal, etc) a few of the crosses are trading in clear market conditions and we need to take advantage of them… because to tell you the truth, I’m not that comfortable with most of the majors, including the EURUSD. I know most traders like to trade the EURUSD because of the spread, but hey, take a look at the daily chart, if you asked me where I think it is heading, I’d say I have no Idea, no clue, none, nicht, nada…

Still, we need to be careful with the trades we take on the following weeks (crosses or majors), make sure everything is in place, clear short and long term charts, clear signal, etc.

Anyway, hope you have a great weekend and see you next Monday!

Regards,

Raul Lopez
ForexCourse

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Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .

  • Anonymous

    safe heaven currency at the moment seems to be ”chf”…may find valid trade set ups on the crosses