Posts Tagged currency blog

USDJPY Double-top failed

USDJPY Double-top failed

Last night the USDJPY charts made a double top pattern and I promptly sold. The odds seemed favourable so I got in at 98.20 with a 50 pip stoploss and 50 pip target I shorted it as it came away from it's second peak.. I was a little cautious as the market had been in a long uptrend but the chances I felt going my way were favourable so I went for it.. unfortunately, my stop got hit earlier today.

March 4, 2009 No Comments Full Story

Left profits on the table – EURUSD

Left profits on the table - EURUSD

I wasn't quite in the trading mood today, felt rather tired but I went long EURUSD anyway. I was lucky as it shot up 5 mins or so after my entry... I got in at 12532 and got out at 12619 for +87 pips. However, I got out a bit too early as the market continued to shoot up and I am currently seeing prices of 12711.. I have left profits on the table, in fact, 90 odd points I've missed out on... I only have got out half of what I could have taken! Nevermind, a profit is a profi.. especially consider

November 13, 2008 No Comments Full Story

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