Posts Tagged gbpusd
When I trade, I always ensure that I put a stop in for every order.. this is usually 50 pips or points and acts as an emergency stop should anything drastic happen with the markets or if my internet connection dies.. I know my maximum possible loss.
However, it is important to ensure that a stop is place in the right place otherwise you'll be hammered by the stop hunters as they seek to take you out.
My trade today on the GBPUSD was as below.. I saw a triple stop in the 15minute timeframe
September 7, 2011
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The DDFX system is back in action and I'm happy to say that's its been a good week again!
Starting with GBPUSD, a short in the early hours which yield 52 pips. There was a long period of weird non-trending price bars and I closed when it peeked aboved the yellow trailing stop line.
The second trade was also a short, I had my order to short at the break of the low of the first price bar which took a few hours to kick in. The market dwindled for a while before moving downwards and I closed o
September 3, 2011
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After last week I was cautious... trading systems in my experience don't work in all market conditions so when you get a poor trading week you know that the market dynamics could have changed. I'm more cautious when this happens and my way of testing the market is to scale down my trading and hence my choice to trade only the GBPUSD forex pair this week to see if we get a positive result.
Anyway, I'm glad to say that the week was positive, if only just! It gives me a bit more confidence to tr
August 29, 2011
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