World Clocks

Tuesday, March 14, 2006

March 14, 2006 Weak Trend 2 Reversals


  • Note the resistance line, but also how limited volitility has been. Any target over +40 pips is a stretch past few weeks.
  • Traded only 2 contracts but let it his its limi instead of scaling and trailing the stop. For now this seems to be the higher percentage play in getting the most out of a trade, +40 is a good number.
Posted by Seaducer67 at 10:44 PM

0 comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Disclaimer

Foreign exchange transactions carry a high degree of risk and any transaction involving currencies is exposed to, among other things, changes in a country's political condition, economic climate, acts of nature - all of which may substantially affect the price or availability of a given currency.

Speculative trading in the foreign exchange market is a challenging prospect with above average risk. You must therefore carefully consider your investment objectives, level of experience and appetite for such risk prior to entering this market. Most importantly, do not invest money that you are not in a position to lose.