Forex Howto

24 Jul, 2009

Trading the slide in the US Dollar

Posted by: Milton In: Misc

Have been doing a bit of trading and it’s been quite good for me getting 60-150pip profits with relative ease.

This success has come by buying the tips in AUD/USD, EUR/USD and the bounces in the USD/CAD, essentially shorting the USD. I’ve been using Heiken Ashi charts on different timeframes to pick the changes in short term trend to hopefully get good entry points. I don’t have a lot of time to sit infront of the computer so not always perfect, though it’s been going ok thus far.

I’ve generally been using a trailing stop (a really cool feature Oanda has introduced) on approximately 1 days ATR. Not such a success in the photo below… oops.

Stop loss on the EUR/USD

Stop loss on the EUR/USD

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  • Andrew: Hi Milton, Coincidentally I've been doing exactly the same as you (see my latest blog entry). I tried breeding traders for the FTSE and whilst the
  • Andrew Vorobyov: Hi Milton, I see you have OANDA account. Would you like you to test drive my managed account at OANDA. There is no minimum for you - you can jo
  • Michelle Heath: Hi Milton. Great to hear you are dipping your toes back into the Forex water. It can certainly feel daunting when you don't have enough time to give t

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