Posts Tagged trading forex

The Dilemma of Trading Exits – I left behind Huge Profits today!

The Dilemma of Trading Exits - I left behind Huge Profits today!

Something which is really bothering me at the moment is the dilemma of trading exits...  this has been something which I've been trying to work on for a long time but I can't seem to get it right. I know that there is no right or wrong but I am currently toying around with two exit strategies and not being consistent with my approach. As a result, the dilemma of trading exits has become really frustrating and I'm afraid that if I don't get it sorted out, my trading isn't going to reach the next

March 7, 2013 4 Comments Full Story

The countertrend trade on GBPUSD

The countertrend trade on GBPUSD

As you can see from the chart, the GBPUSD has been in an extremely bearish market. However, when I saw the bullish pinbar, I knew my trade would be a countertrend trade where I would have to be extremely careful, ensuring that I don't end up losing pips. With my last few trades, I've been holding out for the longer trades but they've not been working out for me so I'm going to split my trades... I'll report on the ones where I have had my most success (ie daytrades) on Twitter but will be

February 24, 2013 No Comments Full Story

EURUSD breaks through the Trend Channel and our stop is hit

EURUSD breaks through the Trend Channel and our stop is hit

Unfortunately, EURUSD broke through the lower bullish trend channel line and our stop was hit. I've been thinking a lot about holding trades longer as I've known that this is one of my weaknesses in trading and with this trade, I did hold the trade and didn't meddle with it.. however, the price action didn't go where I was hoping it would and the trade ended up in a loss. It's extremely frustrating when this happens, my old method would have meant that I would have taken profits at 135

February 17, 2013 No Comments Full Story

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