Archive for November, 2008
I had a couple of decent entries today which was a short of the AUD/JPY at 5889 and a subsequent close at 5843 where I thought it may bounce as it was a short term support line.. it was a nice 45 points but then the market fell further to almost 5722 meaning that I missed out on over 120 points!
I also shorted the GBPJPY forex pair at 14127 and got out at 14065 for +62 but once again, the market continued to fall reaching 13900 which meant an opportunistic loss of 165 pips!!
So ann
November 20, 2008
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The more I look at the stock market, the more I realise that trading is a game of probabilities.. you are never sure what the market will do, you can only make an educated guess as to what may happen and then hope that the market goes your way. If you've an edge, then you have a chance of making it as a successful trader.
Anyway, my trade today was a long at 96.37 as I saw the price action bounce off the bottom of the range which I identified... the market had hit the bottom line 3 times an
November 19, 2008
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Now I wasn't completely confident about this trade but still, I am int he trade... 6568 long with a stop at 6525 and my limit order placed at 6630
November 17, 2008
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