Posts Tagged trading currencies
My order at the end of last week missed it's entry by a mere 10 pips which is rather annoying. I was correct about there being strong support at the 15480 level except that the buyers came in earlier at 15490 and pushed prices up to 15660 which is +170 pips! It would have been a very nice start back into trading if it had trigger but it's given me confidence that my analysis is still good and I can still see good trades.
If I had an entry, I would have moved my stop to breakeven and see
August 5, 2012
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Today was a bit of a disappointment in terms of trading for me today.. not because I lost, I actually am a little up today but because of my trade management. I had got in 3 wonderful trades today but I failed to capitalise on all of them which was mightily annoying but gives me a lot of food for thought in improving my trading going into 2012.
Learning to trade has taken me ages and it's great to be finally profitable but it could be so much better if I could manage the trades accordingly.
January 6, 2012
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Today I saw a beauty of a set up on the DOW .. the price action had made a double top and not only that, the daily pivot proved to be a good resistance line.. it screamed a short and so placed my trade looking to take the trade down to 11800.
However, with markets, anything can happen and this is what actually happened... yes, the market actually went up to hit my stop and I ended up nursing a 30 pip hit. That's the thing about markets, you just never know what can happen and a newbie mis
December 15, 2011
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