Posts Tagged spreadbet

A loss today trading the GBPUSD forex market

A loss today trading the GBPUSD forex market

Today was one of the most uneventful days trading the GBPUSD market.. the market was completely range bound and although my trade was trigger and was a few pips shy of target, it soon reversed to hit my stop. Not really much to say except that I ended up with a -30 pip loss!

May 5, 2010 No Comments Full Story

Another winning day trading the GBPUSD currency pair

Another winning day trading the GBPUSD currency pair

First day back after the Bank Holiday and back to trading the system. There was a largish 50 pip channel which always makes me feel a little uncomfortable placing the orders. The market also moved quite a bit just before 7am reaching which also makes me feel a little uncomfortable. However, trading a system means that I need to remain disciplined to pull the trigger.. even if I feel uncomfortable, this is the system.. I need to follow it to stand a chance of becoming successful. So the orders

May 4, 2010 No Comments Full Story

Profit but didn’t follow the trading plan – GBPUSD forex trading

Profit but didn't follow the trading plan - GBPUSD forex trading

Today I didn't quite follow the trading plan but I don't feel bad. The price range was between 15355 and 15316. The price broke towards the upside, my price entry was 15360 and my 30 pip target would have been 15390. Although the market did top out around that level (if I include the spread then it may not have triggered anyway), I took profit a little earlier since there was no upwards momentum. I close with +16 profits and the market duly fell afterwards.

April 30, 2010 No Comments Full Story

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