This was my trade today.. two long entries at 1.5433 with a target of 1.5463 and 1.5493 with a stop at 1.5397. The annoying thing is that this was hit and I ended up down 2 x 30 pips loss. You can see that the market then went up and would have hit target 1 and just shy of target 2. Most annoying but there you go....
April 14, 2010 Comments Off on Stopped out GBPUSD trade for double whammy! Full Story
I've heard that you don't do yourself any favours if you think too much about a position when trading. In fact, there was something that the more academic a person is, the more they have to justify their decision before making the trade.. in the fast move world of trading, by the time your neurons have worked out what to do, the market has already moved and along that, the opportunity. My trade set up today was a long if the GBPUSD went above 15287. The usual limit with this breakout trade is
