Posts Tagged currency
Today when I had checked the markets, the GBPUSD had already moved up quite significantly.. this made my channel rather wide at 55 pips or so. I'm always conscious when the market has moved away like this as it should pullback before it makes another ascent. However, the market looked like it was heading upwards so when the market started to pullback, I entered long with a 30 pip stop and a 30 pip limit.
My entry was at 1.5453, stop at 1.5423 and target 1.5483. The pullback was deeper than
April 26, 2010
No Comments Full Story
I got caught in a false break to the downside today. You can see where I had two entries lined up.. long at 15343 and short at 15313. The short triggered and fell about 15 points before it reversed and shot up through my upper barrier 15343 and almost 90 pips.
So, how did I lose out I hear you cry.. well, I have what is called a OCO order.. this stands for One Cancels Other which means, which every trade is triggered first triggers the other. So my short trade was trigger first which automa
April 20, 2010
No Comments Full Story
Today was particulary annoying... I had only set up one trade to go for 60 pips with the stop loss move to entry when it moves 30 pips in the desired direction..... except that I didn't move the stop loss. I also did do my usual 30 pip trade!
Now, I must tell you that over the weekend, we had a system crash in my normal 9-to-5 job... this result in us working the whole weekend... I'd had very little sleep and in hindsight, when fatigued you need to be careful trading.. simple mistakes can
April 19, 2010
No Comments Full Story
« Older Entries
Newer Entries »
