Archive for the Forex trading Category
I got caught in a false break to the downside today. You can see where I had two entries lined up.. long at 15343 and short at 15313. The short triggered and fell about 15 points before it reversed and shot up through my upper barrier 15343 and almost 90 pips.
So, how did I lose out I hear you cry.. well, I have what is called a OCO order.. this stands for One Cancels Other which means, which every trade is triggered first triggers the other. So my short trade was trigger first which automa
April 20, 2010
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Today was particulary annoying... I had only set up one trade to go for 60 pips with the stop loss move to entry when it moves 30 pips in the desired direction..... except that I didn't move the stop loss. I also did do my usual 30 pip trade!
Now, I must tell you that over the weekend, we had a system crash in my normal 9-to-5 job... this result in us working the whole weekend... I'd had very little sleep and in hindsight, when fatigued you need to be careful trading.. simple mistakes can
April 19, 2010
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The chart is a 5 minute chart of the GBPUSD. I had woken up later today than usual to see that the market had moved. The two horizontal lines show where the long and short entry should have been but as I was late and saw that the market had already moved 25 points away and that I was feeling that I missed out on the short.. I entered a short manually... whilst it did move 30 pips in my direction which would have usually been bagged.. for some reason, my brain wanted more (I had a target of 100
April 16, 2010
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