Archive for the Forex trading Category

GBPUSD – 3rd time lucky – 45 pips bagged

GBPUSD - 3rd time lucky - 45 pips bagged

I put on the same trade this morning, shorted the breakout which was the same trade that I'd put on the last two days. The last two days I had got stopped out on both occasions only to find that the trades would have been successful. Anyway, today, it went right... I had targetted 60 pips but when the market bounced around this level (and didn't hit my limit price).. I got a little edgy and took the price on the bounc at 15165 for 45 pips. However, just a few minutes later, the market breache

April 8, 2010 Comments Off on GBPUSD – 3rd time lucky – 45 pips bagged Full Story

Caught out again – GBPUSD short

Caught out again - GBPUSD short

Hmm, same thing happened to me today. I had a sell at 15233 with a 40 pip stop and a 60 pip target...  the market knew where my stop was and hit it... then promptly fell and hit what would have been my target of 60 pips.. well what can I do? Annoying that it is, that's what happen.. hopefully it won't happen tomorrow!

April 7, 2010 Comments Off on Caught out again – GBPUSD short Full Story

The game called Trading

The game called Trading

I have been thinking about trading and athletes. The best in both fields have trained themselves to the highest standards... with athletes, this obviously means regularly training intervals and lots of lots of repetition through working their bodies through motions to help their mind and body connect. Trading is the same.. you need to have experienced and trained yourself. I mention training oneself since I am a self taught trader, I am not an institutional trader. This means that when I'm

January 15, 2010 No Comments Full Story

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