Archive for the Spreadbetting Category
For those who read yesterdays post where I had missed out on a nice 55 pip profit on the EURUSD as my system had not identified the exit went to hit the stop target which meant a 28 pip loss overall is rather annoying. This actually means that your account, if you take a nominal starting account of 100 for example, was 155 if I had closed when I thought I should have closed to 72 after the stop was hit. You can see that this means that in fact, I lost an overall of 55 + 28 = 83 pips which is a l
June 15, 2011
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Well, it had to happen I suppose... I don't know anyone who goes and has a winning day every day....
I had closed two trades today with a loss.. firstly a short of the USDJPY Forex pair.. it looked as though it was breaking down and I had actually entered short yesterday around 4pm. The market dwindled for a few hours in the early hours of the morning before it started it's rise and hit my stop at 8040 for a 25 point loss.
My next trade was a little bit disappointing on my part.. I h
June 14, 2011
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Another profitable day in the markets. The health of the stock markets tend to reflect the GBPUSD, EURUSD and FTSE100 and I had a long trade in all of these instruments this morning.
The first trade was the FTSE100 index long at 5773. I had a 20 point stop with an initial 60 point target. However, waiting for the market to move was fruitless. It didn't move much during the European open and even when the US markets opened up, nothing much happened so I closed for 13 points.
The second
June 13, 2011
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