Sign up for PayPal and start accepting credit card payments instantly.
Forex eBook - Read and Learn

Earn Over $10,000 USD - Sign up as an affiliate and start earning thousands of dollars online.

29 September 2007

AUDJPY

AUDJPY


Another nice trade offered this week AUDJPY.

After the retracement last up fractal was furiously taken. Move was supported by strong acceleration. Momentum failed to cross down the zero line. The strong up move stopped for a while forming a divergent bar (never taken).

I didn't use the next up fractal because of the strong decline in acceleration. A little big later the move stopped and trailing stop was hit.

Generally we've got here a nice move (from little above 100 to 101.34) and both signals almost double the pips.

GBPNZD

GBPNZD


Unexpected (for me) GBPNZD offered just before the week-end a nice move allowing even to double the pips.

Alligator was showing a beginning of a small down trend. Price formed a down fractal. Acceleration and Momentum were still sleeping.

Following the rules an order below the fractal was placed followed by another order below the Balance line signal two bars later. Both stop-loss were just above the red line.

And just one session later - bang! - a nice down move of 197 pips.

Both order were fired and just I was thinking that this is the big move... trailing stop was hit for my regret.
A little bit later market confirmed for still another time how important is the use of stop loss...

From these 197 pips 314 pips profit were gotten ;-)