A blog that combines philosophy, psychology and technical analysis in regards to Forex trading
Wednesday, January 20, 2010
GBPJPY—Addendum
One thing to watch on the 15-minute chart I just posted is whether there is a close below the lower shadows of the prior candles. If not, I’ll probably unwind my short position which I took at 148.67..
My name is Dianne Fecteau. I'm a recovered fundamental investor, having invested in stocks since I was a teenager. I now trade using technical analysis, mostly in the Forex market. I have a finance and information technology background and have also completed programs in such mind body programs as the Feldenkrais Method and QiGong. I am a Chartered Market Technician, having passed the three exams required to earn the CMT designation from the Market Technician Association. I am discouraged by how much misinformation is out there about trading and how so many "traders" seem to make their living from selling seminars. In this blog I want to show some of the trades I take and tell you why. I hope that it will be instructive and helpful to new and even more experienced traders.
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