Posts Tagged forex
Today was another losing day which was extremely frustrating.. the short trade triggered first and then went straight up to hit the stop and then the buy trigger which immediately reversed to hit my stop... the total loss was 80 pips. If you look at the chart, however, you can see that I lost out just by a few pips. The trade today should have been the short which fell nicely a good 100+ pips.
The trading system has suddenly taken a turn for the worst and I'm considering what to do about it.
June 8, 2010
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The last 3 days were not good for the system and I suffered a 20 pip loss each day. As I traded Tuesday, Wednesday and Thursday, the total loss for the week was 60 pips! I didn't trade Monday as it was the Bank Holiday yet it would have yielded profits had I done.
It's times like this when you consider whether your trading system is going to work for you... the back testing has shown that 3 days in a row of losses is rare but when it happens, your confidence in the system diminishes and the d
June 4, 2010
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Today wasn't too exciting........ I was rather miffed about yesterdays double loss so hoping today would bring back some results.
The lines were at 14488 and 14402. The upper bar was breached and the long trade was initiated... an easy 30 pips were bagged. However, the market initially went to 14541 before a smallish retrace and shot even higher to around 14587 (100 pips) before falling all the way down.. it wasn't too far from the lower of my lines and if a short was initiated, it would have
May 27, 2010
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