Posts Tagged currency trading

Caught out again – GBPUSD short

Caught out again - GBPUSD short

Hmm, same thing happened to me today. I had a sell at 15233 with a 40 pip stop and a 60 pip target...  the market knew where my stop was and hit it... then promptly fell and hit what would have been my target of 60 pips.. well what can I do? Annoying that it is, that's what happen.. hopefully it won't happen tomorrow!

April 7, 2010 Comments Off on Caught out again – GBPUSD short Full Story

GBPUSD stopped out trade… just! How annoying!

GBPUSD stopped out trade... just! How annoying!

Trading is meant to frustrate.. this morning I had a short trade on and it hit my stop and promptly reversed which would then have hit my target for 30 pips. There are times when a trader thinks that the markets are out to get him (or her) and he (or she) is right!! :) The market knows exactly where the stops are and they will hit them prior to moving in the 'correct' direction. So a loss today.. annoying but that's something you have to deal with if you trade

April 6, 2010 No Comments Full Story

GBPJPY reaches it’s target….

GBPJPY reaches it's target....

I felt that I had to put this chart which shows that the GBPJPY did indeed reach the target I mentioned at 15645 and then promptly fell (note the stochastic move below 80)...  this should have been my trade if I had followed the rules... it would have been a lovely 95 pips in the bag... this chart will remind me of the missed opportunity and the reason why one needs to stick to the gameplan... As I write, the GBPJPY price is at 15620.. it bounced perfectly off 15645...

June 4, 2009 No Comments Full Story

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