Archive for October, 2008

Market mistiming on the GBPUSD

Market mistiming on the GBPUSD

Last week the markets were in turmoil... however, there was plenty of opportunity for those who like to play the markets.. unfortunately, it was a horrible week for me.. I got excited by the markets but frustrated to see that I had missed most of the action when I got home and ended up paying with my account. Luckily, my account isn't large and any losses are generally covered by the sponsorship I make on the blog.. However, I got back into it and last night put on a long on the GBPUSD. It wa

October 13, 2008 No Comments Full Story

October 2008 issues of Futures and Options Trader Magazine for FREE

The October 2008 issue of Futures & Options Trader magazine is ready to download 1. Click here to download the October issue. 2. Click here to download last month's issue.www.adobe.com/products/acrobat /readstep2.html If you do not already have the latest version installed on your computer, download Adobe Acrobat Reader at

October 7, 2008 No Comments Full Story

USDCHF trading loss and my thoughts

USDCHF trading loss and my thoughts

I put on a trade today, the USDCHF short. I have a trading channel as drawn and then I went out with my stop in place. I expected the market to fall and it did fall sharply at one point. If I were around I would have probably closed the position early after it bounced off the bottom of the trading channel. It rose from this and broke above the high of the channel triggering my stop for -50. It is extremely annoying when this happens as at one stage, this trade was +50 up when it reached the b

October 3, 2008 No Comments Full Story

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