Archive for the Spreadbetting Category
Today I didn't quite follow the trading plan but I don't feel bad. The price range was between 15355 and 15316. The price broke towards the upside, my price entry was 15360 and my 30 pip target would have been 15390. Although the market did top out around that level (if I include the spread then it may not have triggered anyway), I took profit a little earlier since there was no upwards momentum. I close with +16 profits and the market duly fell afterwards.
April 30, 2010
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The graph today looks like a simple and straightforward set up... the upper barrier is 15288 and the lower band 15236. The market broke towards the downside and one would have claimed some nice and easy profit.. this is the trading system that I should be trading... however, I lost today!!
The biggest problem here was that I did not follow my trading system... to be a good trader, one needs to be disciplined and follow his or her system... I'd been talking about this and yet, I didn't follo
April 28, 2010
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I put on my usual breakout trade.. the entry was either going to be a short at 1.5438 or a long at 1.5465, both with a 30 pip limit and a stop loss at the other end of the channel. I am only trading one lot currently due to the fact that I cannot control the order once I have put it in on my iPhone. Most of the movement in the market happens during my commute into the office so it's pretty dangerous... until they can sort that on the iPhone trading, will I feel more comfortable trading it.
An
April 27, 2010
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