Posts Tagged gbpusd trading
Something that I have learnt is to never trade Forex during the holidays.... I've watched the markets for many years and when you're off from work, it's tempting to see if you can make a few pips or points from home. If you do make any money, I assure you, you're lucky this time but perhaps not so lucky next time.
The main stock markets were closed due to Easter but as you know, the Forex markets are not country specific so they are still open during the normal hours - Monday to Friday. Marke
April 23, 2011
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![Trading and the Non Farm Payroll Economic News]()
Today at 1.30pm GMT time the Non Farm Payroll economic news hits the markets and usually you would expect some volatility in these markets. Big ticket news items like this can completely mess up your trading system so it's best to avoid it. I didn't trade today but if I had done.. I would have lost.
Although there was movement it was choppy and was just moving up and down with no clear direction....
(You can see some movement when the new release is announced)
There are some people
July 2, 2010
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![11th June GBPUSD - 4 to 7 trading system]()
Today, the range bars was rather narrow... just 30 pip range which is tiny...
The upper range line was 14737 and the lower bar was 14707
The market did break towards the upside triggering the long.. however, the target was 14767 but the highest it reached was 14759 before it collapse. This meant a 30 pip loss. However, the short which followed was good netting 30 pips resulting in a stratch trade day.
I have decided that I need to be disciplined and this involves trading the system tire
June 11, 2010
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