Archive for March, 2011
Today I was in a conference call, desperately trying to get out and look at the market before 9am but alas, it was not meant to be and I missed my entries and had to let them go by...
I look again later on in the day to see how they would have gone and it was good that I missed my trading entry.. well, at least for GBPUSD anyway:
The entry would have been right at the top of days range, literally to the pip and then tanked, I would have lost 20 pips!
The EURUSD would have faired bet
March 31, 2011
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As I mentioned in a previous post, I like set-and-forget trading systems as they allow me the most important asset of all, 'time'... you simply put in your orders and off you go about your day. You can log in later or the following day and see how your trades have done. There's minimal to do and so long as it's a system with a winning edge, you should find over time that your account is in profit.
One simple and easy set-and-forget trading system I found on the web is the one at www.daily20pi
March 30, 2011
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A few trades this morning..
Firstly a long as you can see from the chart above, I had a trailing 10 pip stop loss.. unfortunately, the trade went bad before it could go anywhere and I was hit with my full 20 pip loss.
Two trades on the GBPUSD, firstly a long at 16018 with a trailing 10 pip stop and my 20 pip stop. The market was rather chopping and did head up to move my stop up 10 pips but it wasn't enough.. it eventually fell and I got stung with a 10 pip loss.
As the market f
March 29, 2011
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