Posts Tagged foreign exchange trading
After last week I was cautious... trading systems in my experience don't work in all market conditions so when you get a poor trading week you know that the market dynamics could have changed. I'm more cautious when this happens and my way of testing the market is to scale down my trading and hence my choice to trade only the GBPUSD forex pair this week to see if we get a positive result.
Anyway, I'm glad to say that the week was positive, if only just! It gives me a bit more confidence to tr
August 29, 2011
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There seems to be a trade every couple of days so far with the DDFX system and I took two more over the last couple of days with the EURUSD pair. I got stopped out for my last trade on EURJPY for a 40 pip loss and thought perhaps EURJPY was not a good pair to trade using DDFX, time will tell.
Anyway, there was the entry on the 18th where I went long after seeing two arrows and the trene bars were all pointing towards a move higher so I entered. However, I got stopped out for a 34 pop loss
July 21, 2011
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Well, it had to happen I suppose... I don't know anyone who goes and has a winning day every day....
I had closed two trades today with a loss.. firstly a short of the USDJPY Forex pair.. it looked as though it was breaking down and I had actually entered short yesterday around 4pm. The market dwindled for a few hours in the early hours of the morning before it started it's rise and hit my stop at 8040 for a 25 point loss.
My next trade was a little bit disappointing on my part.. I h
June 14, 2011
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