Posts Tagged daytrader
Last night I saw an opportunity to short the GBPJPY currency pair and I entered at 205.20 with a 200 point target and a 100 point stop order. In the back of my mind, I know that I need to leave these trades running, there have been many occasions where I have closed for 100 to find that the market has moved 500 my way or more! Anyway, I set this trade in motion and went to bed...
I woke up to find that the market had moved and throughout the day, went lower... the lowest was 204.00 which was
August 19, 2008
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Unfortunately, I think I must be the owner of this title... I traded again today but all the lessons which I've learnt in the past seem to have been forgotten!
I did end up with a small profit today but it was just luck.
Firstly, I bought when the market was going down... the whole trend was down and I went and bought which wasn't clever... I ended up -19 points on this trade. I had no reason to buy... what on earth am I doing? I really felt stupid with this trade, it's obvious from the
August 11, 2008
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I have been rather cautious with my trading as the markets seem extremely volatile whipsawing as uncertainty seems to take grip. As a result, I have been extremely selective in my trading and hence the rather less frequent updates on the website. However, on Friday, I did make a trade on the AUD/USD forex chart.
I traded this as I saw negative divergence on in the 4 hour chart on the stochastics as the market had hit a second high at around 0.9630. The stochastics also crossed and my trend si
July 7, 2008
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