Dynamic Trader Forex Blog FXCPS.co.uk

The Dynamic Trader Forex Blog

Thursday, 18 December 2008

Manage your Trades

Good evening Dynamic Traders,

Tonights chart is just an example for managing your trade. It is aimed at the swing traders who are presently in the EURUSD. From the chart you can see that the price hit a '00' together with the Value index, and appears to be forming a spinning top or similar , as at the time of writing this. It also has an OB RSI and Stochastics on this and lower timeframes. Although this may only be a breather possibly about to happen it is best to lock in profits rather than give them back to the market.

As always , please do your own analysis, and as I update in the evenings, I will not post a chart tomorrow due to the markets closing early Saturday morning.


Hoping you all have a great weekend,
Clayton Farnworth.

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