14
Jul
2008
Forex Scorecard
Posted by Tom as Forex, Neural Nets
I went long the AUDUSD pair last night with the same intent to build a longer term position in it. My belief is that this pair will go to parity with the USD this year or early 2009. I’m still long EURUSD and sitting on a nice profit; I’ll be adding to it [...]
11
Jul
2008
202 Pips In 2 Days
Posted by Tom as Forex
Two days ago I went long EURUSD and just sat on it. My aim was to build up a larger position in the Euro on pullbacks because I believe this currency pair is going through 1.70 over the next few months. Today I sold half my position after bagging a +202 pip profit.
Days [...]
19
Jun
2008
Ichimuko Is Out!
Posted by Tom as Forex
While its visually stunning and has some technical merit, I won’t be using the Ichimuko charting indicator to trade off of going forward from here. I probably don’t know enough about it to fully use it and will resume my breakout strategy. After three strikes, err stop outs, its out for now!
Heres yesterday’s [...]
17
Jun
2008
Forex Scorecard
Posted by Tom as Forex
I’m testing out a new Forex trading method right now using the Ichimuko charts and I’m 1 for 1 in my currency trades with a third one currently at a loss. At least my first trade was a winner!
EURUSD +38 pips (break out/counter trend rally)
AUDUSD - 25 pips (Ichimuko chart technique)
EURUSD still short and [...]
16
Jun
2008
No Currency Trades Yet
Posted by Tom as Forex
My EURUSD currency limit orders haven’t triggered yet. I’m planning on going short at 1.381 but Euro seems to be bouncing back from its lows and heading higher. No matter, my order is in place for a week and if it triggers it will confirm my short-term negative bias for the Euro.
Not to [...]
14
Jun
2008
Back To Trading Forex
Posted by Tom as Forex
Although I haven’t placed a trade yet, I’m busy stalking the currency markets again. I’ve been watching the EURUSD, AUDUSD, USDJPY, and EURJPY pairs again and I’m seeing some interesting things happening. I think we’re seeing possibly trend exhaustion in the EURUSD and AUDUSD pair signaling a possibly a top.
Why do you ask? [...]
12
Jun
2008
My Forex and Gold Article Has Been Republished
Posted by Tom as Forex, Neural Nets
Trolling through the Internet last night I discovered that my Futures Magazine article from last year, Forex and Treasuries Provide Clue for Gold, has been republished over at Traderslog. Make sure you read it quick before it gets taken down! :).
