Posts Tagged foreign exchange
A few trades this morning..
Firstly a long as you can see from the chart above, I had a trailing 10 pip stop loss.. unfortunately, the trade went bad before it could go anywhere and I was hit with my full 20 pip loss.
Two trades on the GBPUSD, firstly a long at 16018 with a trailing 10 pip stop and my 20 pip stop. The market was rather chopping and did head up to move my stop up 10 pips but it wasn't enough.. it eventually fell and I got stung with a 10 pip loss.
As the market f
March 29, 2011
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I have had 8 winning trades in a row and I'm starting to get a little nervous. Generally I know that I am about 60% correct so a loss is due at some stage.... each time I am trading I am aware of this and this makes me a little nervous. Anyway, I went long the GBPJPY at 14581 when it breached the downward trend (as indicated in the chart below). My stop was at 14545 and my first target was 14620.
The market shot up and I got nervous... it shot up too quickly and with a surge like this, I expe
April 30, 2009
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I had placed a short for the USDJPY Forex pair two evenings ago at 98.24 with a stop at 99.16 and a target of 96.74. The 4 hour charts look as though they had run out of momentum on the uptrend which corresponded to similar looking peaks the over the past few weeks. My stop was place in light of the recent peak around the 9th of March and the target was a level where there was support found on the 6th March. There was not much movement for a day or so and when the market moved upwards, I was exp
March 19, 2009
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