February 9, 2010 | In: Forex Trading Journal

Forex Trading on AUD USD Feb 9

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I spotted this market on AUD/USD pair and made a “short entry”. I believe it will go down because of the momentum of the buying pressure has now (probably ended). I am still not sure. I have nothing to back up this trade but instinct. :D I might screw this up but at least its listed here and I can still go back with all the forex trades I made.

Update: Feb 10 10:30 am

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Maybe that is why we shouldn’t put emotions when trading. My trade is now at -23.7 pips. I can still see that its going down now. Might as well be on the trade.

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    Forex Philippines

    Forex Philippines is my trading journal to learn the ins and out of forex trading. Learn from my experiences and I hope you have a great stay.


    Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you need for living expenses and cannot afford to lose.