Posts Tagged gbpjpy

Trading the Forex markets and being nervous!

Trading the Forex markets and being nervous!

I have had 8 winning trades in a row and I'm starting to get a little nervous. Generally I know that I am about 60% correct so a loss is due at some stage.... each time I am trading I am aware of this and this makes me a little nervous. Anyway, I went long the GBPJPY at 14581 when it breached the downward trend (as indicated in the chart below). My stop was at 14545 and my first target was 14620. The market shot up and I got nervous... it shot up too quickly and with a surge like this, I expe

April 30, 2009 No Comments Full Story

Two sterling trades!!

Two sterling trades!!

I'm trying to be very careful with trades lately, only picking those ripe for picking and I picked off two more successful ones today! Both were GBP pairs, the GBPUSD and GBPJPY and both were winners, hence sterling by both counts. The EUR pairs however were extremely weak and they were ideally the ones to have traded at the same time but the volatility freaked me out and I was playing cautious. Anyway, here are my charts showing my entries and exits..

April 27, 2009 No Comments Full Story

GBPJPY trading update

GBPJPY trading update

Well, the market went my way and hit my target for 144 pips which was healthy. However, the market continues to fall and I've left another 70 pips on the table..

March 27, 2009 No Comments Full Story

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