Closed GBPJPY for a profit
Looks like lady luck was on my side.. the GBPJPY fell and I closed when the downward momentum started to flag. I got out at 14933 for +40 pips!
Posts Tagged forex
The inevitable loss….
Unfortunately, my winning streak was broken the other day (18th May) when I sold the EURJPY at 13016 and got stopped at 13050 for -34 pips. The market had been trending upwards and I thought that the momentum was running out of steam and hence the short.. the market briefly dipped and I felt this was my cue to enter.. however, it turned out to be a fake sell pattern and the price promptly went upwards to hit my stop. The lesson here is to be careful when trading against the trend. I find
Correction – 9 wins in a row
Just a quick note.. I am on 9 daytrading wins in a row, not 10 as per my recent postings...
