Posts Tagged intraday trading
The markets really moved a lot again today and I went long Crude Oil see a 1 hour pin bar off 9500. I got in at 9550 and had my stop at 9480 and was hoping to ride the market to around 9700.
The below shows my entry...
What was annoying is that I got stopped out so close to where the market turned for the higher. It was 9456 so a mere 24 points away... ugh!
So I ended up taking a 60 point loss when it could have been a lovely 150 point winner!
That's the frustration with the mark
November 9, 2011
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There are many times in a traders career where he or she will get to a point where they realise that they are using all sorts of complex and elaborate systems to get in and out of trades only to find that nothing is working or that it takes too much time and effort to do all the analysis. Having too much knowledge and expertise is not necessarily a good thing in trading, one can get something called 'analysis paralysis' where you just confuse yourself with all the knowledge you have and end up d
November 7, 2011
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So for those reading, I've marked my trades 1 to 4 showing the order of my trades. Trade 1 of today was a long of the EURUSD as shown below:
I had a 20 point stop on this and it went nowhere... just dragged and then plummetted knocking me out for -20
Then onto the GBPUSD trades where I made 3 trades today:
Trade 2 was long GBPUSD (by the way green arrows are long entries and red arrows are short entries) mirrored the EURUSD in trade 1.. once again, nothing and it just tanked t
April 1, 2011
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