Posts Tagged currency trader
Today I was a bit unlucky with the markets. I usually take the high and low of the market movement between 4am and 7am but I had set the high at the previous high at around 6am which I thought would be the high of the day.
Anyway, if you look at the chart you will see that my trade triggered at 7am for the long which then fell to hit the stop for -40. The short trade also went and it should have hit the target for 30 pips but including the spread and all that, I think I missed the exit by les
June 7, 2010
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This is the third time this has happened in the last 3 days.. the first trade is a loss and the second trade is a winner resulting in a net deficit of -20 pips
The first trade was a long as the market just peaks above the high line and then promptly falls both hitting the stop for the trade for -50 and then initiating the downside trade. The downside movement was quite large (almost 100 pips under the lower band) and I captured 30 of them.
June 3, 2010
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I got hit again with this... the first trade initiate above the upper line at 14753 going only 15 points before falling away. The stop got hit and the short initiated. The short make some good movement however and I got my 30 pips. However, the first trade had a 50 pip stop so I'm overall -20 for the day
June 2, 2010
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