Cornix's Forex Trading Journal

USDX continues to fall towards 77 (77.06 atm) which is really pushing EURUSD. I took +23 in 15 mins.

Will we see 1.4000 in the near future?
 
Quote from blt10:

USDX continues to fall towards 77 (77.06 atm) which is really pushing EURUSD. I took +23 in 15 mins.

Will we see 1.4000 in the near future?
More...

Mmmm..No idea.

However, we have broken 3785 resistance, next area appears to be 4158 before we get to 4281. We have a bullish weekly candle and the daily has broken or nearly, that weekly high, as if in confirmation.

We now have two outside bars on the weekly, this bullish sentiment, for some reason is strong. I have never before looked at the weekly!! I will now, especially on these inside/outside bars.

And the second I experience a new daily low ever again, I will not hesitate to either stand aside or go short immediately. Nearly cost me £35.00!! Just like Cornixforex said, we are in a strong bull, long term.

I cannot afford the big swings/pullbacks, I can only afford to risk a wee amount, ie., £0.025p per pip so I can afford to look long term. I do prefer this Long view but it is stressfull even on my tiny amount.
 
It is great to see somebody trying to trade within their means...keep it up and I have to believe you will be successful in the long run..

The beauty about spread betting houses is that you can trade a bare minimum ,which provides a great opportunity to hone in on your strategy for very little cost....I would like to have that kind of toy for some potential home runs...:D

NiN
 
I will not be trading today, have a little family holiday (wife's birthday), so will be back tomorrow to make some pips. :)

Wish you guys good trading session!
 
Morning NiN

Ha! ha! Exactly, I drive a little ford too!! I hope you're right I've been at it for months, it has driven me half insane, my mistakes have been many, albeit less so these days.

Yep, decided, I prefer swinging for the fences, I have lost count the amount of times when I should have held out using my own analysis and faltered, scared off by listening to the signal/guru sites when your guts are screaming at you the opposite.:D
 
She has broken the 1.3785 resist. I reckon she is heading to 1.4028 and then next 1.4158 and then 1.4281, serious resist here, it was rejected last time? We will see.
 
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