Greetings a week has passed and i have had a pretty bad week on the forex markets. First off i only traded on friday putting in 25 U.S dollars into my account and got it to 33 dollars pretty quickly after the A.U decided to go bearish. Then i lost the money trading silver i put a buy order on for 3 lots and it stopped out after a long bear candle that followed shortly after see picture here
Now that i have shown you what happened to me please for goodness sake save loads of margin because as you can see at the moment i have 4k margin and thats the way i am going to keep it silver being silver its not a matter of if but when it does return to its 30's and 40's just a matter of riding the bumps plenty to be made if you have plenty of money and margin here is the daily conformation
Apart from the silly brain fade with the silver and margin i had i think i did rather well with my other trades. I actually think the Euro has near bottomed out but time will tell currently its sitting on 1.27 flat but then again the bear ride was continuing upon close over the weekend but look for Euro to hit support and head north for a while there be some nice pips to make . As for A.U interesting indeed i am expecting a slightly bullish week it bounced quite well from the good news from the U.S and i think it should head into 103 territory. Fingers crossed time will tell
No comments:
Post a Comment