Apologies for the delay in updating on this Weeks Swing Trades, or, lack of them should I say! The only trade taken this Week was the EUR:AUD short which was unfortunately stopped out. From a news stand point, the decision by the Fed to continue pumping vast amounts of money into the markets with no end date spurred the Euro to continue it's rally in most Euro crosses, and thus due to the low potential reward envisaged on the EUR:AUD short my relatively tight stop loss was taken out to the tune of 100 points.

The following is a reprint of a post I wrote on my ADVFN forum, but I think it stands to reason that it qualifies for a place here on the blog. I think learning how to trade from charts is very easy. All you need is some horizontal Support and Resistance lines on your chart, and you buy or sell from them, simple as that. It is our own shortcomings that allow us to lose money in trading, mainly over leverage which I've written about before in this post. Over leverage often means running stops too tightly thus not allowing a good trade to breathe, or, taking profits too quickly because


It's been a torrid Week for my trading with a series of events created by Draghi's Thursday speech that really caught me out on so many levels. Thursday's violent Market sell off is the type that either follows through in subsequent days or ends in a consolidation period but this Week a violent sell off on Thursday was followed by an equally violent rally on Friday and I didn't see that coming. In fact, even my day trading system which I've started to build trust in remained on a sell signal throughout much of Friday before being stopped out. So, how did this affect my Swing trades?