First post election trades

The days leading up to the election and after the shocking news that Donald Trump will now be the next president of the United States, we all saw USD pairs go wild. Descending hundreds of pips on each pair to shortly ascend back to even or even surpass price before the election.

Even with all this craziness the day of and after election day, the markets went back to doing what they do. It was interesting to see how each of the different markets reacted but in time we will see the real effect of the Presidential election.

Back from a week off

So, last week was pretty crazy with work and I didn’t have a chance to watch the markets enough to enter any trades. I was tired from being sick the week before and I just wasn’t up for anything with the forex market.

I injured my shoulder and got a few days off of work. If the pain meds don’t hijack my brain, I will be able to do some research and get a better grasp on this forex thing.

Trade 1:

After that last debacle of a trade with EUR/CHF, I re-entered a position today with the same pair; is it revenge? Hell yeah, the North remembers. I intend to catch only a few pips and hold it for a few hours. The SSD indicator is heading negative on the hour chart but the daily chart says a different story. The trend on the daily chart is negative, but price (if it wants to act normal) is going to correct itself over the course of today.

TRADE 2:

Entered EUR/JPY as a short position shortly after my EUR/CHF trade. Going in at a 30SL and 60 limit. It looks as it may have a bit more momentum to go further but lets take it slow.

UPDATE trade 1: My target was reached and I posted a gain of 15.2 pips. Not all that shabby considering it is exactly where I wanted to exit. The SSD seems that it may descend further over the next few hours. Just happy to get back on a positive mindset after that big loss.What kind of sucks is that after I exited the trade, it continued to descend until it reached my  original Limit (obviously, right?).