I made a series of trades with the new Forex system that I am trading... The red and blue arrows on the charts are the automatic alerts which signal a long or short entry. I don't enter all of them due to my timing (it really depends what is forming and if I am about to actually take the trades). Anyway, first off is NZD/USD: Then, USD/JPY And then GBP/JPY And finally, GBP/USD So, in total I did quite well with +114 profit.
The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points. The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out.. I think it's much more difficult than entering. The other day, I gave up over 1
I have my day off today and I wanted to watch the markets and not be desperate to trade. A problem is that when I come home from work and find that the markets have moved a lot with a lot of profit left on the table, I feel that I missed a fantastic opportunity and feel that I need to do something to get some of the profits.. as a result, I fire off trades from my trading platform even though there is no real reason to.. this amounts to losses and then frustration. However, today, I entered
