EUR/USD

My first trade this week.   Short £16.66  EURUSD @ 1.30104 - 60 pips stop loss.

I like the bearish bars off the 200ma,   looking for downtrend continuation.

Oil

Yes,  I trade oil too! -  Sold at 110.42 (brent crude April futures).   Oil has been in a downward trend for the last 2 months.   The bearish bounce off my moving averages is a signal that the down trend is to continue.

NZD/USD

I'm watching NZD/USD right now.  The market is in a downward trend and it looks like we have some bearish price action forming for a possible short entry.  

Results for January and February 2013!   Roll on March!

Eur/USD

Here is a EUR/USD short position I took yesterday.   A very clean setup!   I'm still holding short from 1.3106,  looking for a test of 1.3000

2013 so far...

Well,  we are 2 months into 2013 and I have been very pleased with my results so far this year.  But I’m not going to get carried away.  During January and February we were presented with a lot of trading opportunities mainly down to the fact that we had a lot of clean trends across currencies and stocks,  and as a short term trend follower, these have been ideal conditions to trade in.  However, as March approaches I have noted an increase in whipsaws and volatility.  The below USD/JPY chart shows exactly what I’m talking about.  

I expect March to be a difficult month and I shall approach the markets with caution.   Part of being a successful trader is knowing when to stand aside!

GBP/JPY update

GBP/JPY trade from Monday is now closed.  I have circled my exit.  Price appears to have stalled and produced a bullish pinbar,  a perfect exit signal!.

Trade Summary

Entry:  142.06
Exit:    138.63
Pips:    343
Position Size = £11

Profit:  £3,773.00