Posts Tagged daytrade
I shorted the GBPJPY at my entry point as I thought it was heading lower as it broke below 13660 and I promptly pressed the sell button at this level. My stop was 13695 and as soon as my trade went through, the market went up... I knew that it had to clear the upper resistance but it kept bouncing up at this level which made me feel that I may have been wrong with my trade.. however, I kept a close eye at the level and then, it suddenly plummetted! However, I wasn't sure how far this would fall
December 4, 2008
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If you look at the 1 min chart of the Dow Jones below.. you can see that the market in the yellow box wasn't doing too much.. however, I was trading in this region, selling and buying when I should have been doing anything. I saw that the market had dropped and I was expecting to see a bounce back up to around 8500 at least... however, the adage is 'trade what you see, not what you think' and I failed miserably.. in total, I made two trades in this region, both lost to the accumulative amount
December 1, 2008
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I got in a short at 1.5385 which was a nice entry with a stop at 1.5415. The market did worrying bounce up and got close but then fell. However, the path downwards was not straight and was showing some resistance... in comparison, the EURUSD had just fallen and this made me feel that the pound sterling had some strength today. The market was bouncing and I got tired of waiting for it to drop and I took my profit at 1.5335 for +50. However, a minute after I had done this, the market fell a furthe
November 28, 2008
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