I decided to get back to writing about my time trading the Forex. I have not stopped. In fact I now have 2 separate accounts that allow me to try to hedge the market.
Today the price was up on the EUR$ with the stochastics about 20 which showed the currency was oversold. The price was also away from the 21ema so I set up the currency for a Buy. I went ahead and set my limit for 5 pips and waited. The price did go up as I figured it would and picked up my 5 pips. The stochastics was now at the 80 level and was now overbought with the price at the 21ema. This time I placed a Sell order and set my limit for 5 pips and waited. The price did go down away from the 21ema and I was able to pick up another 5 pips. At that point I turn the computer off and go do something else. This process took 1 hour.
Pips for the day +10 pips.
No comments:
Post a Comment