Posts Tagged forex
I was doing pretty well of late but my trading seems to have suffered a turn for the worse of late. I know that I am entering trades when I shouldn't be.. they are like gambles. My short of the GBPUSD at 16263 was premature. The trend was clearly upwards but I was seeing a slowdown in the rate of progress the market was heading upwards.. it has powered uphill rather rapidly and I was expecting the market to subsequently move down before a continue journey upwards. Countertrend trading as this is
June 9, 2009
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I felt that I had to put this chart which shows that the GBPJPY did indeed reach the target I mentioned at 15645 and then promptly fell (note the stochastic move below 80)... this should have been my trade if I had followed the rules... it would have been a lovely 95 pips in the bag... this chart will remind me of the missed opportunity and the reason why one needs to stick to the gameplan...
As I write, the GBPJPY price is at 15620.. it bounced perfectly off 15645...
June 4, 2009
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When I'm feeling tired, it's quite difficult to trade. I've been doing quite well of late with trading and sports betting and I haven't been inputting everything into the blog. I've noticed that people who own blogs like mine with a target in hand use them to monitor their progress.. I am using mine as a diary tool so I can look back at my trades and learn from past mistakes. I have certainly noticed my trading improving immensely this way to the point where I feel confident that I am indeed suc
June 4, 2009
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