Archive for June, 2009
I was doing pretty well of late but my trading seems to have suffered a turn for the worse of late. I know that I am entering trades when I shouldn't be.. they are like gambles. My short of the GBPUSD at 16263 was premature. The trend was clearly upwards but I was seeing a slowdown in the rate of progress the market was heading upwards.. it has powered uphill rather rapidly and I was expecting the market to subsequently move down before a continue journey upwards. Countertrend trading as this is
June 9, 2009
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I went to Alpesh Patel's trading seminar the other day and he had some interesting things to say.. the seminar notes are here (I don't think they are copyright, if they are please let me know and I'll remove them).
There are a couple of trading systems which I found particularly interesting and may look at these
Good luck!
Click here to download Alpesh Patel Presentation
June 7, 2009
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I felt that I had to put this chart which shows that the GBPJPY did indeed reach the target I mentioned at 15645 and then promptly fell (note the stochastic move below 80)... this should have been my trade if I had followed the rules... it would have been a lovely 95 pips in the bag... this chart will remind me of the missed opportunity and the reason why one needs to stick to the gameplan...
As I write, the GBPJPY price is at 15620.. it bounced perfectly off 15645...
June 4, 2009
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