It can be pretty tough, especially when you jump into it thinking you know what you're doing. Over 90% of new traders THOUGHT they knew something, and they're out...i'm trying to get to that other 10% category...maybe we can get there together - TraderVlad
Well, it looks like the same Forex trade idea from yesterday looks good to me. So I will enter USDCAD @ 1.1531 short with a stop at 1.1550 and a profit target of 1.1511. I readjusted my profit/loss targets because of the news reports coming out just in case of quick whipsaws. A safer trade would be to wait until USDCAD touches the 50 SMA on the one hour chart, but I'll just go in at 1.1531. Let's see what happens...
posted by tradervlad at 12/13/2005 07:36:00 AM
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My main goal for this blog is to keep track and analyze my trades in my journey to become a consistently profitable trader. My secondary goal is to help new traders get started and excited about Forex trading, and maybe we can all grow to profitability together. Hopefully I'll be able to do a morning forex analysis, a trade idea, and an afternoon/evening analysis of the trade everyday. So stay tuned!!
DISCLAIMER: I am not an investment advisor, so I am not responsible for your trading account...You are!! This blog is meant to record and share my ideas, successes, and failures in trading...this is not investment advice. Thank you for your cooperation!
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