Quite a standard day today.. the market just went one day... down!! The trade lines were at 14375 and 14327 and the short was triggered about 730 GMT. It didn't take long for the profits to be bagged.. the low point was 14258 so more points could have been captured.
I put on my usual breakout trade.. the entry was either going to be a short at 1.5438 or a long at 1.5465, both with a 30 pip limit and a stop loss at the other end of the channel. I am only trading one lot currently due to the fact that I cannot control the order once I have put it in on my iPhone. Most of the movement in the market happens during my commute into the office so it's pretty dangerous... until they can sort that on the iPhone trading, will I feel more comfortable trading it. An
Hope you like the title of the post! It's my attempt at some rhymning! I hope my chart diagram makes sense below. My strategy now is to trade two lots at the entry price, one has a target of 30 pips. The other has a 60 pip target which, when the first trade hits it's target moves the stop loss to entry (to hedge from any loss) and then hopes to grab the 60 pips. Well, the first target was hit for 30 pips.. yay! The second trade still runs but the stop moves to entry. However, the market sp
April 13, 2010 Comments Off on GBPUSD trading – one win, one loss but no money lost! Full Story
