Forex/Commodities – 4hr Trading using MT4 (Live)
- AUDUSD – Long
- USDCAD – Short
- NZDUSD – Long – And closed as crossed back into channel -£3.65 loss
When those trades turn away from you, oooooh I can feel the psychology gnawing at me! However, both my open trades are now locked into profit due to moving the stop loss as the donchian channel indicator has moved.
It’s been an interesting day of testing three other strategies alongside the live crossing EMA I’m using. Always learning, always testing, always improving.
Interesting chart today is the EURUSD.
It’s been in such an uptrend for so long (since Dec 2016!) that I’m sure many trend follwing traders who’ve caught the move have profitted HUGELY from this.
Today, however, it closes below the trend line on the daily and has crossed back into the channel on the 4 hourly chart. I’d still consider this to be an uptrend as it hasn’t broke a lower low on the daily. So there may be opportunities to come to catch this breaking back out the channel.
Trader Coffee!!!
I’ve planned a Traders Coffee once a month for the next three months.
Basically I’ll be working on trading and Lexi Art whilst over-dosing on caffeine and probably cake, but I’m encouraging people to come along to get together and begin to create a community and a supportive network here in the North West.
Check the dates on Facebook Events or see the new SOCIAL DIARY link in the top menu
Don’t forget!
Facebook Group Forum:
http://www.facebook.com/groups/exftrading
Social Diary:
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A boring disclaimer… coz I don’t wanna be sued and stuff!
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The information contained within this blog/website and any information contained in any social media account related to EXF Trading is intended for interesting reading only.
I am not qualified or considered an expert in any aspect of trading and the words which I write are my opinion only and not to be considered correct.
If you trade based on any of my information, you do so at your own risk.
I urge you to do your research and make your own conclusions before considering trading.
You are responsible for your own trading actions.
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