Posts Tagged trading blog

27th May – GBPUSD trading

27th May - GBPUSD trading

Today wasn't too exciting........ I was rather miffed about yesterdays double loss so hoping today would bring back some results. The lines were at 14488 and 14402. The upper bar was breached and the long trade was initiated... an easy 30 pips were bagged. However, the market initially went to 14541 before a smallish retrace and shot even higher to around 14587 (100 pips) before falling all the way down.. it wasn't too far from the lower of my lines and if a short was initiated, it would have

May 27, 2010 No Comments Full Story

Easy pip day on the GBPUSD currency market

Easy pip day on the GBPUSD currency market

Quite a standard day today.. the market just went one day... down!! The trade lines were at 14375 and 14327 and the short was triggered about 730 GMT. It didn't take long for the profits to be bagged.. the low point was 14258 so more points could have been captured.

May 25, 2010 No Comments Full Story

Back to it, trading the GBPUSD

Back to it, trading the GBPUSD

I still haven't updated the charts from last week so I'll need to do that still... however, I was excited about trading since the testing has shown the systems seems to be profitable over the long term. You can never be 100% sure of any trade so long as you win more than you lose. Anyway, I have decided that it looks more profitable to put in an order for either direction. I am not doing the OCO (One Cancels Other) trade anymore.. I will buy if the market goes above the upper line and sell if

May 24, 2010 No Comments Full Story

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