Posts Tagged gbpusd trading system
Friday was coming up to the Bank Holiday weekend. A lot of traders will pack up early and go on a nice long weekend break. Usually volumes are low but I thought I'd put on the usual trades today....
It was not a good day however, you can see that the long trade was initiated at 14568 and it peaked at that point at 14592 (24 pips) before falling and hitting my stop. The short trade was at 14521 and went to 14491 (exactly 30 pips but including my spread, my stop wasn't hit) and went up.
I ha
May 28, 2010
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Today wasn't too exciting........ I was rather miffed about yesterdays double loss so hoping today would bring back some results.
The lines were at 14488 and 14402. The upper bar was breached and the long trade was initiated... an easy 30 pips were bagged. However, the market initially went to 14541 before a smallish retrace and shot even higher to around 14587 (100 pips) before falling all the way down.. it wasn't too far from the lower of my lines and if a short was initiated, it would have
May 27, 2010
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Well, this is when you start to doubt your system... I started off trading this morning breakout strategy with some amazing success but this last week... couple with my own stupid mistakes of not following the system have really bashed my confidence in the system that I have been trading these last couple of weeks.
The morning breakout happened to the downside.. a short at 15321, with the usual 30 pip target and SL at the other end of the channel (60 pips in this case).
The short proved to
April 25, 2010
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