Hello Forex traders,
I am somewhere between a beginner to an intermediate forex trader. I placed a trade on USD/CAD on Thursday. Although I made some profit, It was not how much I expected.
Can you please review my trade. I have posted my analysis behind the trade at -http://the-forex-trading.blogspot.com
Related posts:
- Forex Trading – I Placed A Trade On Usd/chf. Is The Analysis Behind The Trade Right?
- Online Forex Trading – What Mistake Did I Make In This Trade?
- I Have Only 200 Usd To Trade With Forex ,and I Lose 300 Usd Because Of Enough Margin .can Somebody Can Help Me?
- Is This Forex Tracer Review Accurate?
- Hey, I Read A Forex Enterprise Review On Google. Is It Really That Good ? Please Guide Me.?
- How I Can Only Currency Trade Not Forex ,which Is The Best Bank In Canada To Open Account For Currency Trade?
- Forex Trading – Why The Market Is So Quiet?
- As A Novice What Is The Best Way To Learn About Forex Trading?
- Forex Trading – Do You Know What Is The Broker Commission?
- Best Forex Review Website ?
Overall, not too bad . . . you made a profit.
Considering the timeframe you are trading, I don’t understand why you are referring to a an exit at 1.1006 “which looked like an important resistance”.
It looked like recent resistance was ~1.1055 and sloping upwards.
I would have tried to ‘trade the range’ of it coming down to ~1.1055 and having hat as a ‘buy on stop’ or not had any exit order in place, in the hope there was significant weakening due fundamental events (of which there are many these days).
Comment by andrew f — November 14, 2009 @ 12:54 pm
http://www.confucius.org/lunyu/persian/p…
Comment by randyluc — November 14, 2009 @ 12:54 pm