Posts Tagged gbpusd

Testing a new trading strategy on Forex markets

Testing a new trading strategy on Forex markets

My trading of late hasn't been very good and I've lost focus hence the lack in the number of emails.. anyway, I spent time away to think through and go back to the basics. Trading the DOW is definately a way to lose money.. the DOW is just a basket of 30 stocks and is easily manipulated... quite frequently when you see a move beyond a level, you expect it to move beyond but no, more often than not, the market will just reverse and do the opposite.. the big boys are obviously aware of the smal

August 26, 2008 1 Comment Full Story

GBPUSD.. stopped out, would have been a great trade!

GBPUSD.. stopped out, would have been a great trade!

I went long GBPUSD at 1.9555 with my usual 50 pip trailing stop. Unfortunately for me, it spiked down, took out my stop and then continued on it's merry way topping 1.9670 at one stage which is over 100 pips away. These things are frustrating but they happen. Oh well, I took a 50 pip loss.

June 11, 2008 No Comments Full Story

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