Archive for the Spreadbetting Category
I was a bit unsure as to what the markets were doing today looking at the moving average which was pretty flat. However, our trade doesn't really matter... I am just trading the breakout past 7am.
So, todays orders were placed at 1.5392 for a long and a short at 1.5331.. if either hit, a target of 30 pips and a stop at the end the other channel which was a 60 pip stop loss. I have gone back to trading just one lot now since I was using another broker for the 60 pip trailing stop which has cau
April 21, 2010
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I got caught in a false break to the downside today. You can see where I had two entries lined up.. long at 15343 and short at 15313. The short triggered and fell about 15 points before it reversed and shot up through my upper barrier 15343 and almost 90 pips.
So, how did I lose out I hear you cry.. well, I have what is called a OCO order.. this stands for One Cancels Other which means, which every trade is triggered first triggers the other. So my short trade was trigger first which automa
April 20, 2010
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Today was particulary annoying... I had only set up one trade to go for 60 pips with the stop loss move to entry when it moves 30 pips in the desired direction..... except that I didn't move the stop loss. I also did do my usual 30 pip trade!
Now, I must tell you that over the weekend, we had a system crash in my normal 9-to-5 job... this result in us working the whole weekend... I'd had very little sleep and in hindsight, when fatigued you need to be careful trading.. simple mistakes can
April 19, 2010
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