This was my trade today.. two long entries at 1.5433 with a target of 1.5463 and 1.5493 with a stop at 1.5397. The annoying thing is that this was hit and I ended up down 2 x 30 pips loss. You can see that the market then went up and would have hit target 1 and just shy of target 2. Most annoying but there you go....
April 14, 2010 Comments Off on Stopped out GBPUSD trade for double whammy! Full Story
My morning trading system which I am using lately has been working pretty well... the more you commit to it, the more confidence you have in it.. however, it is important to stick to the system to ensure that you are indeed trading the system.. otherwise, you're not trading the system that you think you are... hmm, sounds a bit philosophical! Anyway, I thought I'd stick to the system and try something new today... I would open two trades at the same entry. The first would target 30 pips and t
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
