Wednesday 27th October

by 17:45 0 comments
Generally quiet for the first part of the day, took a trade on Swissy at around 16:25. Short at 0.9901 with a 24 pip target

Trade 1 - USD/CHF (Swissy) - Sold @ 0.9901 - Closed @0.9925 = -24


Took this trade according to my strategy but looking back there were a few mistakes. I saw the No Demand and went in after the upthrust following it. The thing is, even though it's calling it a No Demand, i'm not convinced, I think the spread is probably a bit too wide. The point where I got stopped out appears to have marked the high and it slowly dropped off over night. Reaching where my initial target was set.

Another thing i was thinking about was the hourly chart. Whilst the volume was the highest for the previous 100 bars or so, it wasn't actually ultra high, so i'm wondering whether this has an effect. Should i trade only the ultra-high volumes for example?

Cheers,

KFT

Liam

Author

28. Forex. Trading. Music. Beer. Food. Travel.

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