I spotted an excellent long entry and went for it, got in at 175.61 and closed it out at 177.23 for 162 points! Hoorah, that's a nice gain. I could have held it longer.. it's gone up another 20 points since but I can't prise myself off this computer when the charts are moving. I think the market has further to go.. there was a huge reversal on the US and UK markets today after all the help with the Financials from various governments.
I put on a trade today, the USDCHF short. I have a trading channel as drawn and then I went out with my stop in place. I expected the market to fall and it did fall sharply at one point. If I were around I would have probably closed the position early after it bounced off the bottom of the trading channel. It rose from this and broke above the high of the channel triggering my stop for -50. It is extremely annoying when this happens as at one stage, this trade was +50 up when it reached the b
I sign up to all sorts of emails and every now and again and today, a new Forex system has emerged which has caught my eye.. this one is called Forex Autocash Robot and is a Forex trading system which apparently has never lost a trade in over 8 years. This is a huge claim.. trading is about losing and winning.. you just have to win more than you lose and then you're a successful trader but this system claims never to ever have lost a trade once. Hmm, it got my interest but I'm hugely skeptic
