Well, the ‘Trading while sleeping’ strategy continues to be profitable 🙂 . Just kidding, nothing fancy. Just put in my trade, set the stop, and off to bed. Exit the trade at the close of U.S session , which is then morning in Melbourne Australia (that concludes a trading day). Basically , the idea is to reduce the time starring on trading screen and subsequently reduce most of the psychological problems of trading.
I made 2 trades on Friday. I long NZD/USD and EUR/USD. I missed AUD/USD entry. Kiwi and Euro were both forming a nice ascending triangle (well, I like this type of chart setup). I went long at the break of resistance level. End the day with Kiwi ,+29 pips, Euro, + 47 pips.
Here is the…………..CHART!
Kiwi
[photopress:NZDUSD1hour26Oct2007.JPG,full,alignleft]
Euro
[photopress:EURUSD1hour26Oct2007.JPG,full,alignleft]
On the side note, one of my brokers continues to surprise me with its spread widening game (You know which one I am talking about! 😀 ). I was planning to close my trades before closing bell of U.S market. However, around an hour before closing bell, I was surprised to see spreads of all currency pairs on my screen were widened, and Euro and Kiwi all having 10 pips spread. WTF. I lost a couple of pips profit because of this. :-p
Here is the ……WIDENED SPREAD.
[photopress:widenspread10pips.JPG,full,center]
Have a nice weekend, traders!
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