Archive for the Trading Category
![Trusting your Trading System]()
Today was a disastrous day for one of my trading systems. Let me describe below how I usually trade the system. The horizontal lines are my buy and sell lines, if the market goes above the top line, I buy and if the market goes below the bottom line I sell. The stoploss in either case is 20 pips and the limit order or potential profit is 40 pips.
However, you can see today that the market was rather choppy and the short was initiated first but it never hit the limit before it shot up, hit
February 9, 2011
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![Your New Trading System - what not to do!]()
Trading is a difficult game and most people find it difficult to take a loss of any sort. The problem with trading is that losses are inevitable in trade. Does the below sound like you? (I took it from a newsletter I receive but thought it was a great article!)
So you've invested in the new trading system and you're raring to go...
The post arrives and you rip open the package.
You digest the contents of the guide with your coffee, boot up your laptop and you're ready for action.
February 8, 2011
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![Winning Trades which make no Money]()
This was me today... I put in an order for a buy on the GBPUSD at 16018 or a sell at 15956 with a 20 pip stop and a 40 pip target.
As you can see from the chart, the GBPUSD shoots up and actually goes beyond the 50 pips...
However, I made no money on this trade at all. At first I got really annoyed, an easy 40 pips in the bag and my broker has screwed me over.
I checked my emails and can see that the order was being placed, however, I had forgotten to fund the account properly and t
November 10, 2010
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