Posts Tagged daytrade
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
You can see the triple top set up on the 5 minute Dow with the Pivot being the resistance. A good point to short so had a short order at 10887 and rode it down to 10855. My original target was 10840 but hey, I'm still in profit.
March 31, 2010
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The chart shows what happened after I closed. The price action looped ripe for another entry short to ride the market lower but I felt anxious....
I am just not sure what it is but my instinct tells me to be careful... I attribute it to a couple of things, all trading psychology related:
The possibility of losing my 47 pips that I have already made.. it's always nice to finish the week a winner!
The re-entry looks too obvious a trade... a bear trap perhaps?
Maybe I am thinking to
June 12, 2009
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