Archive for April, 2010

Traders Magazine now for FREE

Traders Magazine now for FREE

I used to get the magazine called the Traders Magazine which hailed from Germany and was a fantastic read for people interested in trading. It had reviews of new software and websites, articles on trading systems and my favourite part was always at the end where they profiled a successful trader. The magazine started in 2003 and I had most issues (sometimes I would get 3 issues in the post). I was sad that sometime last year, they stopped... I think they ran out of funding. However, it's

April 9, 2010 No Comments Full Story

Thinking too much and trading

Thinking too much and trading

I've heard that you don't do yourself any favours if you think too much about a position when trading. In fact, there was something that the more academic a person is, the more they have to justify their decision before making the trade.. in the fast move world of trading, by the time your neurons have worked out what to do, the market has already moved and along that, the opportunity. My trade set up today was a long if the GBPUSD went above 15287. The usual limit with this breakout trade is

April 9, 2010 No Comments Full Story

GBPUSD – 3rd time lucky – 45 pips bagged

GBPUSD - 3rd time lucky - 45 pips bagged

I put on the same trade this morning, shorted the breakout which was the same trade that I'd put on the last two days. The last two days I had got stopped out on both occasions only to find that the trades would have been successful. Anyway, today, it went right... I had targetted 60 pips but when the market bounced around this level (and didn't hit my limit price).. I got a little edgy and took the price on the bounc at 15165 for 45 pips. However, just a few minutes later, the market breache

April 8, 2010 Comments Off on GBPUSD – 3rd time lucky – 45 pips bagged Full Story

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