Posts Tagged trading blog
The more I look at the stock market, the more I realise that trading is a game of probabilities.. you are never sure what the market will do, you can only make an educated guess as to what may happen and then hope that the market goes your way. If you've an edge, then you have a chance of making it as a successful trader.
Anyway, my trade today was a long at 96.37 as I saw the price action bounce off the bottom of the range which I identified... the market had hit the bottom line 3 times an
November 19, 2008
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I wasn't quite in the trading mood today, felt rather tired but I went long EURUSD anyway. I was lucky as it shot up 5 mins or so after my entry... I got in at 12532 and got out at 12619 for +87 pips. However, I got out a bit too early as the market continued to shoot up and I am currently seeing prices of 12711.. I have left profits on the table, in fact, 90 odd points I've missed out on... I only have got out half of what I could have taken! Nevermind, a profit is a profi.. especially consider
November 13, 2008
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I was too tired to update my trade last night but I had shorted the GBPJPY at the red arrow. The Japanese candlestick shooting star was the indication for me that the prices were going lower and I had set a stop at 50 points and actually was looking at 150.90 as an exit which was just above the previous low made a few days ago.
The market moved nicely down and when it moved 50 points, I moved my stop to breakeven and left it. However, it bounced up and hit my stop for zero points which was qu
November 11, 2008
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