Posts Tagged gbpjpy

Two losing Forex trades – not a good start

Two losing Forex trades - not a good start

I was eager to get back into trading today....  can you see where I went wrong? Yep, the eager bit isn't a good bit when it comes to trading.. it's so easy to pull the trigger when trading but when nothing is there, you're just gambling which is what happened today.. I did really badly... The first trade, long at 126.96 thinking that the market was going to be heading higher..  I bought it right when it peaked and it plummetted.. my stop was at 126.56 for -40 pips. [caption id="attachmen

February 2, 2009 No Comments Full Story

GBPJPY – Forex trading… almost got stopped out but ended up a winner!

GBPJPY - Forex trading... almost got stopped out but ended up a winner!

I shorted the GBPJPY at my entry point as I thought it was heading lower as it broke below 13660 and I promptly pressed the sell button at this level. My stop was 13695 and as soon as my trade went through, the market went up... I knew that it had to clear the upper resistance but it kept bouncing up at this level which made me feel that I may have been wrong with my trade.. however, I kept a close eye at the level and then, it suddenly plummetted! However, I wasn't sure how far this would fall

December 4, 2008 No Comments Full Story

The hardest thing in trading – knowing when to close out – Forex trading

The hardest thing in trading - knowing when to close out - Forex trading

I really seem to be getting the hang of trading the forex markets lately and my account is at all time highs... long may it be like this. I don't really know if it's me who has improved or simply that the markets are favouring my style of trading... anyway, I am happy with how things are working out except for the fact that although I enter quite well, I seems to be taking profits far too early still...  here are my trades for today... I went long the USDCAD forex pair at 12515 and close

December 2, 2008 No Comments Full Story

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