20 May This Week’s Swing Trading Round-Up; 19th May 2012
Only a quick post to say the only swing trade taken over the last Week was an NZD:USD long from below support. Conditions to run this trade as a swing were based solely on it’s ability to close the day above support, and that didn’t happen so I stopped the trade out at break-even.
No other new swing trades initiated but I have entered a speculative AUD:NZD short which will be abandoned on a daily close above the 6th March 2012 high. I’ve not entered that trade in the swing trade log as yet because I didn’t plan for it to be a swing trade and am still undecided as to whether I’ll run it as one. I certainly missed a few good set-ups this Week across other pairs, so it’s time I started being a little more focused.
Scanning through the charts now and will update any new findings later this evening.
Hope you enjoyed your Weekend.