Posts Tagged forex
Hope you like the title of the post! It's my attempt at some rhymning!
I hope my chart diagram makes sense below. My strategy now is to trade two lots at the entry price, one has a target of 30 pips. The other has a 60 pip target which, when the first trade hits it's target moves the stop loss to entry (to hedge from any loss) and then hopes to grab the 60 pips.
Well, the first target was hit for 30 pips.. yay! The second trade still runs but the stop moves to entry. However, the market sp
April 13, 2010
Comments Off on GBPUSD trading – one win, one loss but no money lost! Full Story
My morning trading system which I am using lately has been working pretty well... the more you commit to it, the more confidence you have in it.. however, it is important to stick to the system to ensure that you are indeed trading the system.. otherwise, you're not trading the system that you think you are... hmm, sounds a bit philosophical!
Anyway, I thought I'd stick to the system and try something new today... I would open two trades at the same entry. The first would target 30 pips and t
April 12, 2010
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Trading is meant to frustrate.. this morning I had a short trade on and it hit my stop and promptly reversed which would then have hit my target for 30 pips. There are times when a trader thinks that the markets are out to get him (or her) and he (or she) is right!! :) The market knows exactly where the stops are and they will hit them prior to moving in the 'correct' direction.
So a loss today.. annoying but that's something you have to deal with if you trade
April 6, 2010
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