Archive for November, 2008
I have been quite careful of late and this has benefitted my trades.. I have found that the best trades are those which are 'boring'. When I say boring I mean that they do not give me the excitement which I experienced before... I just put them on and wait patiently. Sometimes I am not patient and end up closing them too early.
Anyway, one of the terms I have heard before is 'bottom pickers get smelly fingers' referring to those who try and time bottom of markets and this also corresponds to
November 11, 2008
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Last night I put on a short at 1.4983.. it was a lovely trade and one which I just closed at 1.4877 for +106 pips.
November 11, 2008
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I was too tired to update my trade last night but I had shorted the GBPJPY at the red arrow. The Japanese candlestick shooting star was the indication for me that the prices were going lower and I had set a stop at 50 points and actually was looking at 150.90 as an exit which was just above the previous low made a few days ago.
The market moved nicely down and when it moved 50 points, I moved my stop to breakeven and left it. However, it bounced up and hit my stop for zero points which was qu
November 11, 2008
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