This is most annoying when it happens but unfortunately it does happen.. it is part of trading. I lost twice trading the EURUSD or Euro today. The trend looked like it was up and my instinct told me that prices would want to test the previous high of today so I'm looking for long positions. However, my analysis was wrong today and both trades as you can see were stopped out. I lost 17 and 15 pips or 32 pips today.
This was something which I saw yesterday but I didn't have the confidence to trade it and didn't. I had emailed this to a few of my trading friends to get their view but they weren't sure either. Anyway, imagine the chart below but without todays up bar. The way I saw it was this, there was an obvious support as draw below at approximately the 15650 level which can be seen very clearly in the daily charts. The market had bounced off this a few times already as you can see. With the latest pri
I think it's always important to keep yourself learning when it comes to trading. I've been rather quiet lately as I've other things happening in my life which I knew could affect my trading and after a little while, I felt a bit out of touch with the markets when I went back to have a look at them. Friday gone, I went to the London Investor Show at the Kensington Olympia. It's good to see what new developments there are in the trading scene and meet like minded people. They had a whole series o
