Posts Tagged daytrading blog

GBPUSD – all in a days trading (or not)

GBPUSD - all in a days trading (or not)

Today I woke up early and was rather more alert than usual. This is not a good thing necessarily when it comes to trading.. certainly not in my case. I saw that the market had consolidated from yesterday after shooting up strongly. A consolidation usually happens after any particularly large moves so rather normal.. however, the market could have easily topped here or just biding time before heading higher. I wanted to play it safe so I didn't trade... The 4-to-7 trading system's range was 14

June 15, 2010 No Comments Full Story

The winning streak continues…

The winning streak continues...

This is becoming unbelievable.. I traded both the S&P and GBPJPY today and both were winners.. this makes my total to 11 winning trades in a row. Considering the spreadbet company takes a spread either side of this trade, I'm doing remarkably well. I don't feel as though I've become a super trader but I do accept the maximum loss that I expect per trade. I put on the trade, set the stop loss and mentally accept the maximum loss. This makes me feel less nervous should it go against me.. I kno

May 14, 2009 No Comments Full Story