This title came about when I stumble upon a book: 'The Clipper Ship Strategy: For Success in Your Career, Business and Investments' by Richard Maybury. I am an automated forex trader and strategy programmer. Yes I trade my own forex strategy written by myself from scratch. I also trade the Singapore stock market occasionally when the opportunity presents itself. This blog hopes to educate traders not investors.
Monday, September 2, 2013
Shorted EUR/USD at 1.3196
Stop loss at 1.3236. First target at 1.3018 valid for 3 days. On the 29th of August the EUR lost ground against the USD and broke the uptrend. The next 2 days, there were signs of bullish reversals. But it turned out they were quite weak. Hence on the third day, I decide to go short.
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