Posts Tagged daytrade
Ok, I've gone long on the USDCHF at 10251 with a trailing 50 pip stop. It's 20 pips up so far but you never know what happens to the market... if I close now and bag 20 pips I may feel fab but if it shoots up more, I'll kick myself. However, if the profits now turn into a loss then once again, I'll kick myself.... basically you can't win! You just have to stick to a gameplan and hope for the best.
The previous Forex trade I made on the NZDUSD was like that, I could have taken a 25 pip profi
June 9, 2008
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Unfortunately the NZDUSD trade didn't work out.. I got stopped out for -50 though at some stage, I was 25 pips up... oh well!
June 9, 2008
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I made a couple of trades this morning... firstly the NZDJPY long at 81.20 with my trailing 50 point loss. The market did go up my way but hit 81.60 dead on before dropping.. I just needed 10 more pips and my stop would have moved to breakeven. However, the market fell like a stone after this and I got stopped out. I also bet half my usual size for this trade so even though I took a 50 pip loss, it was in effect 25 pips...
I obeyed the signals and nothing is every 100% in trading.. it just di
June 6, 2008
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