GBPJPY trading update
Well, the market went my way and hit my target for 144 pips which was healthy. However, the market continues to fall and I've left another 70 pips on the table..
Posts Tagged daytrader
GBPJPY – Forex trading… almost got stopped out but ended up a winner!
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
The hardest thing in trading – knowing when to close out – Forex trading
I really seem to be getting the hang of trading the forex markets lately and my account is at all time highs... long may it be like this. I don't really know if it's me who has improved or simply that the markets are favouring my style of trading... anyway, I am happy with how things are working out except for the fact that although I enter quite well, I seems to be taking profits far too early still... here are my trades for today... I went long the USDCAD forex pair at 12515 and close
