USDCHF trading loss and my thoughts

I put on a trade today, the USDCHF short. I have a trading channel as drawn and then I went out with my stop in place. I expected the market to fall and it did fall sharply at one point. If I were around I would have probably closed the position early after it bounced off the bottom of the trading channel. It rose from this and broke above the high of the channel triggering my stop for -50. It is extremely annoying when this happens as at one stage, this trade was +50 up when it reached the b

October 3, 2008 No Comments Full Story

Binary markets and todays DOW scalp trade

Last night, I found that my trading platform had 5 min UP/DOWN markets.. these are binary markets and allow you to bet on the movement of the DOW in 5 minute timeframes..  for example, you can bet if the DOW will go up or down in the next 5 minutes. I thought I would have a play and boy, was that the worst mistake.. it is pure gambling and I got my fingers burnt, I lost the equivalent of 70 points.. very bad! Anyway, I'll try not to play with it in future as it's not good for the bottom line.

October 1, 2008 No Comments Full Story

Todays day trade on the DOW

September 30, 2008 No Comments Full Story