Archive for the Forex trading Category
I saw a shorting opportunity today when the GBPJPY had fallen and rebounded... I shorted on the rebound and it fell 70 points... hoorah!
I got in at 158.66 and got out at 157.96.. all in a matter of 15 minutes or so.
I don't want to speak to soon but lately my trading has been going quite well, I am far more picky with my trades and very careful when putting them on. The initial trade was with a 50 point stop and 100 point target.. however, in the market you need to be flexible where you c
October 29, 2008
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It seems like I did the right thing when I close my trade previously.. the market has dropped like a stone.. it's a shame I didn't enter the short as it would have been a nice trade!
October 27, 2008
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As I mentioned last night, I had gone long on the GBPJPY at 174.21 with a 50 pip stop loss and a 45 pip trailing stop. I had correctly picked the right direction and the market went up.... my trailing stop went up also to capture profits. The market hit a short term peak at 175.00 before it started to fall and caught my stoploss which at this time has moved to 174.58 netting me 37 pips. This was quite annoying as at 175.00 it was a 79 pip profit. Then, not soon after hitting my stop, the market
October 21, 2008
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