Wednesday, June 30, 2010


The pair has dropped as low as 1.4964 which is a polarity level. There's some positive divergence on the shorter-term charts (5- and 15-minute) but any long must have a very tight stop (15 or so pips) and a break of this suggests a stop and reverse signal. Watch momentum carefully.

© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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