Posts Tagged trading blog
I don't usually like to trade during the Xmas/New Year time as the markets are quite light on volume. However, it was my first day back today into work and it was sooo quiet! I have got into the habit of logging into the trading platform after work to have a look at the market.
I made a trade, long USDCHF at 1.0556 and got out at 1.0594 for a 38 pip profit with a 50 pip stoploss. Not really a good trade overall as my pip count should be at least equal to my anticipated stoploss to have any ch
December 29, 2008
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The other half bought me the book by Geraint Anderson, "Cityboy - Beer and Loathing in the City"... this was actually meant to be a Xmas present but I really wanted to read it (she blabbed that my present had come through the post and I insisted on knowing what it was.. when I found out what it was, I begged her to let me read it right away... my persuasive charms worked and I just digested the book). Anyway, it was a fun read and an insight to how the City worked. The City being the City of Lon
December 24, 2008
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The Xmas holidays aren't the best time for trading as traders are on holidaying.. this mean that the market volume is low and that technical trading patterns are prone to whipsaws and low volatility. It generally isn't a good time to do any trading until the New Year.
I have also taken quite a few holidays off work and looking forward to relaxing and I'll be back next year.
I hope you all have a great Xmas and New Year!!
Alan
December 23, 2008
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