Ferrowolf's Den of Trading

Still building my humble Den, so please bear with me, it'll be done soon! =)

GBPJPY trade taken 22nd Sept

There were many beautiful setups on for teh USD pairs today..
Like the very narrow channel ranges on the EURUSD, AUDUSD, USDCHF and USDCAD.
Basically they’re London Open Breakouts, complete with beautiful retracements to test previous supports/resistances.
I still have a lot of work to do on this site, but I’ll get the London Open Breakout up into the strategies section soon.
They resulted in very clean big moves.
While everyone was playing with USD weakness, I went for another pair..which resulted in a few stressful hours..o.O
Unfortunately, I decided to go with the GBPJPY because it was playing with the 1hr20ema, the daily pivot and support of the 148.90 level
A break below those seemed most likely to result in a move to the downside.
However, it took me for quite a wild ride as compared to the other pairs! But at least I was able to take profit and move my stoploss.
If anyone has any suggestions on how to improve my trading, please feel free to comment =p
Explainations on the charts.

GBPJPY trade taken 22nd Sept

September 22, 2009 Posted by | Uncategorized | , , , , , , | 1 Comment

GBPCHF London Open Breakout setup

Nice channel.
Will elaborate more when I get back home, but doing a quick search online will tell you the London Open Breakout strategy.

GBPCHF LOB 16th Sept

September 16, 2009 Posted by | Uncategorized | , | Leave a Comment

   

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