Archive for the money Category
The trading range today was 15178 and 15147. The market broke towards the downside and I entered short. However, it was a false break as the market then moved upwards to hit my stop.. ugh, 30 pip loss!
However, since the market then hit the top range, I thought I'd enter long since the move was so strong. It shot up to hit my 30 pip target leaving me with a net zero day!
However, the market continued to rally.. making spectacular gains of almost 180 pips! I need a system which could capt
April 29, 2010
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Hope you like the title of the post! It's my attempt at some rhymning!
I hope my chart diagram makes sense below. My strategy now is to trade two lots at the entry price, one has a target of 30 pips. The other has a 60 pip target which, when the first trade hits it's target moves the stop loss to entry (to hedge from any loss) and then hopes to grab the 60 pips.
Well, the first target was hit for 30 pips.. yay! The second trade still runs but the stop moves to entry. However, the market sp
April 13, 2010
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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
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