Posts Tagged Forex trading

The hardest thing in trading – knowing when to close out – Forex trading

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

December 2, 2008 No Comments Full Story

AUDUSD trade…

AUDUSD trade...

A successful Forex trade.. I made 45 points on this.. as per my previous post, I mentioned that I was at the gym.. I would have managed to get out a bit earlier when it spiked up.. probably would have got out at around 0.6385 for a further 20 points.. oh well, never mind.

December 1, 2008 No Comments Full Story

Impatience leads to lost profits – GBPUSD trading

Impatience leads to lost profits - GBPUSD trading

I got in a short at 1.5385 which was a nice entry with a stop at 1.5415. The market did worrying bounce up and got close but then fell. However, the path downwards was not straight and was showing some resistance... in comparison, the EURUSD had just fallen and this made me feel that the pound sterling had some strength today. The market was bouncing and I got tired of waiting for it to drop and I took my profit at 1.5335 for +50. However, a minute after I had done this, the market fell a furthe

November 28, 2008 No Comments Full Story

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