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July Blog - Day 6 : EURSEK

Blaise Posted 6 July  in #Trader's blog
I took a trade in EURSEK today.
>> SELL 5.000M EUR/SEK @ 10.28426, SL 10.30384 (196 pips), TP 10.21550(688 pips)
The reason for the trade was that the pair was at a resistance level (10.295 as can be seen in the image above) and it tried to break past the resistance twice but failed. And so I shorted the pair with my target at 10.2155 (actually should have kept it around 10.2250 :P) and stop loss above the 10.3025 level.
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July Blog - Day 5 : EURUSD

Blaise Posted 5 July  in #Trader's blog
Today I realized that I posted my last two posts in the regular blog and its not the one meant for Trader Contest (huh :P). So I updated the tag on those two post so they will finally go where they were supposed to go - to the Trader's Blog.
Now for today I am still looking at the EURUSD. Just now the pair broke above the 11.1690 level so the thing to look out for is whether it can hold above that level or not. If it holds then we might see a move upto 1.1725 and then if that breaks the will fin…
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July Blog - Day 2 : GBPUSD

Blaise Updated 5 July  in #Trader's blog
Let's look at cable for the day. For starters it looks like the support is holding around 1.3110, so if tomorrow I see a retest of that support and if it holds then I might look to buy the pair with my target around 1.3180 provided the pair breaks the resistance line around 1.3140. For this long I will keep my stop below the recent low of 1.3095.
And for the downside scenario, I will look to sell the pair if it tests and fails in the resistance zone of 1.3140 to 1.3150 with my profit target arou…
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