Archive for the Forex trading Category

EURCHF – pips galore

EURCHF - pips galore

Last night I put on a short at 1.4983.. it was a lovely trade and one which I just closed at 1.4877 for +106 pips.

November 11, 2008 No Comments Full Story

GBPJPY – breakeven trade

GBPJPY - breakeven trade

I was too tired to update my trade last night but I had shorted the GBPJPY at the red arrow. The Japanese candlestick shooting star was the indication for me that the prices were going lower and I had set a stop at 50 points and actually was looking at 150.90 as an exit which was just above the previous low made a few days ago. The market moved nicely down and when it moved 50 points, I moved my stop to breakeven and left it. However, it bounced up and hit my stop for zero points which was qu

November 11, 2008 No Comments Full Story

The result of last nights trade – GBPJPY

The result of last nights trade - GBPJPY

Last night I left you with the result of my trade where the market had moved to about 100 points in my favour but I decided to leave it to run a trend to find that it had got to 20 points from my stop.... Well, last night, I couldn't sleep properly thinking about the trade... my stop never hit but it was so close... soon afterwards, the market dropped (after I woke up to watch it) and I manually closed at 158.29. Perhaps I am never destined to be rich but still, my trade was a good one which

November 5, 2008 No Comments Full Story

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