Forex blog
Trader Rich
Contact Me
My Forex Graphs
Forex Contests
Goal & Performance
Money Management
My Forex Books
My Forex Journal
My Trade History
Advertise Advertise
Login/Logout Login/Logout
Forex RSS Feeds
Forex Technical
Daily Pivot Points
Divergence Chart
Forex Charts & Images
Forex Videos
Metatrader Indicators
Forex Resources
Broker Research
Forex Beginner
Forex Calendar
Forex Cloud
Forex Links
Forex Polls
Forex Search
Forex Top Sites
FX Position Size Calc
FX Risk Calculator
Knowledge Base
MM Checklist
Ratings and Reviews
The List
250 Most Popular Posts
Old Stuff
H Trading System
FX Engines Results
FX Engines Trades
Lien Schlossberg
Rob Booker Posts
Forex Trading
Categories
Chart Formations
Forex Trading
Learn Forex
Psychology
Trading Systems
Blog Archives
March 2008
February 2008
January 2008
December 2007
November 2007
October 2007
September 2007
August 2007
July 2007
June 2007
May 2007
April 2007
March 2007
February 2007
January 2007
December 2006
November 2006
October 2006
September 2006
August 2006
July 2006
June 2006
May 2006
April 2006
March 2006
February 2006
January 2006
December 2005
November 2005
October 2005
RSS Feed
feed image
feed image

 Subscribe in a reader

Business Blogs - BlogCatalog Blog Directory
Blog Search Engine
Forex Project
Forex Sitemap
 
Currency Power Ranking Makes Money
Wednesday, January 18, 2006

The NZD/USD has been the weakest currency for 2 straight days.  It turns out that this information made me the quickest 22 pips I've ever had.  I never traded the NZD before this evening but consulted the charts to see how "oversold" it may have been.  From the 180-minute chart, I noticed the pair had major support at .6830 and a downtrend resistance line directly above.  I decided to short the pair at .6864 with a tight stop right above the resistance line.  I sold at 21:14 EST, the pair shot down to .6842 where I closed the position at 21:21 EST.  That's 22 pips in 7 minutes for a pair not known for its volatility.

The pair has since broken through support (no candle close) but when a gift is handed to you, be thankful, not unappreciative.  

After taking a mini-hiatus early in the week,  I've managed to rebound from last week a bit.  I'm currently up 59 pips and over $500 but there are still 2 trading days left.

Forex Tags
See All Tags
January 2006 
There are no comments for this item.
Please keep your comments brief and on topic, and remember that this is not a discussion thread.
Name : Website :
Title :
Comment(s) :
Verify : Planet earth is covered mostly by ?
Last Updated ( Wednesday, January 18, 2006 )
< Prev   Next >
Explore These Other Forex Related Posts
  1. Blog Exclusive: The Experiences of a Forex Mini Trader
  2. Asian Session May 8th
  3. Monday, May 1st
  4. Reevaluating My System
  5. May 2nd NY Session #2
Search Forex Project
Select Language
 

©2005-2008 Forex Project Properties LLC.

Creative Commons License
This work is licensed under a Creative Commons Attribution-No Derivative Works 3.0 United States License.