Posts Tagged forex
Last night I posted on my Twitter account:
And this morning I was happy to find that the AUDJPY Forex pair did tank and my target was hit for 100 pips. You can see on the chart when I had posted my Tweet and then the subsequent fall a few hours later to net me 100 pips. I had entered this trade a few days before and it was lingering and not doing much for a few days until last night!
* The asterisk is just a note on the title of the post and was in part jest. To be honest wit
June 8, 2011
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I had a really nice short in the GBPUSD market today with a trailing stop. I closed out early for 56 pips however when the market was retracing.. it retraced 25 points before it fell heavily (another 50 points) to 16500.
My actual exit is a trailing stop loss and it would have not hit it before it fell. The old trading adage 'cut your profits short and let your profits run' is a key principle to be successful in trading and I'm annoyed by myself that I broke the rule.
The chart is shown be
May 3, 2011
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Today I was in a conference call, desperately trying to get out and look at the market before 9am but alas, it was not meant to be and I missed my entries and had to let them go by...
I look again later on in the day to see how they would have gone and it was good that I missed my trading entry.. well, at least for GBPUSD anyway:
The entry would have been right at the top of days range, literally to the pip and then tanked, I would have lost 20 pips!
The EURUSD would have faired bet
March 31, 2011
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