Posts Tagged gbpusd
I have been thinking about trading and athletes. The best in both fields have trained themselves to the highest standards... with athletes, this obviously means regularly training intervals and lots of lots of repetition through working their bodies through motions to help their mind and body connect.
Trading is the same.. you need to have experienced and trained yourself. I mention training oneself since I am a self taught trader, I am not an institutional trader.
This means that when I'm
January 15, 2010
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I was doing pretty well of late but my trading seems to have suffered a turn for the worse of late. I know that I am entering trades when I shouldn't be.. they are like gambles. My short of the GBPUSD at 16263 was premature. The trend was clearly upwards but I was seeing a slowdown in the rate of progress the market was heading upwards.. it has powered uphill rather rapidly and I was expecting the market to subsequently move down before a continue journey upwards. Countertrend trading as this is
June 9, 2009
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Another winning trade today...
I saw momentum towards the downside had dwindled and the market looked like it would make some movement upwards. I went long at 14622 with a stop at 14585 and a target of 14660.
Soon after my trade, the market went south and I was beginning to think it could go wrong and move towards the first support area at 14600 and if this failed, the 14575 level. My stop was at 14585 as I didn't want to take the loss or risk below the 14600 line.
My target was 146
April 28, 2009
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