Posts Tagged currency trading

Money on the Table – GBPUSD and GBPJPY trading – 18th July 2011

Money on the Table - GBPUSD and GBPJPY trading - 18th July 2011

One of the reasons why I post my entries and exits is because it doubles up as my trading log of what I'm doing. I can learn from my mistakes (hopefully) and this should in the long term make me a better trader. Today I got some good entries but I didn't follow my gameplan which would have left me still in the trades. This was for both the below trades GBPUSD and GBPJPY. I had entered both short. The GBPUSD I entered on Friday morning and I didn't feel completely confortable with it as Fri

July 18, 2011 No Comments Full Story

Another profitable daytrading day on GBPUSD, EURUSD and FTSE markets

Another profitable daytrading day on GBPUSD, EURUSD and FTSE markets

It was another good day on the markets.. it's funny how you get periods when your systems don't seem to work at all and then when they work, everything works nicely. A big part of that is because the markets are always changing... the go from trending to non-trading, from trending up to trending down. Most systems work for a particular type of market... it's difficult to find a system which works across all of the markets volatile personalities. Anyway, I had two trades on the GBPUSD today...

May 6, 2011 No Comments Full Story

Short entry on the GBPUSD forex market on US Independence Day

Short entry on the GBPUSD forex market on US Independence Day

I forgot that the US markets are not open today due to Independence so perhaps it probably wasn't a good day to trade. Oops! Anyway, I shorted the GBPUSD at 15120 as it moved below the support line. It dropped 15 pips... I've got a 80 pip stop and a 75 pip target on this. However, it's currently retracing and that's the thing on holidays. Low volume means that it takes less to move the market and could also mean that some traders go stop hunting... that's moving the prices around to take out

July 5, 2010 2 Comments Full Story

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