The pair shot up to .8296, stopping me out for -40 pips and executing a small buy order for .8281. It will be interesting to watch price action. There is negative divergence on the hourly chart. However, because we're going into a long holiday weekend here in the US, I'm not going to continue trading.
© 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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