Posts Tagged trading gbpusd

Money on the Table – GBPUSD and GBPJPY trading – 18th July 2011

Money on the Table - GBPUSD and GBPJPY trading - 18th July 2011

One of the reasons why I post my entries and exits is because it doubles up as my trading log of what I'm doing. I can learn from my mistakes (hopefully) and this should in the long term make me a better trader. Today I got some good entries but I didn't follow my gameplan which would have left me still in the trades. This was for both the below trades GBPUSD and GBPJPY. I had entered both short. The GBPUSD I entered on Friday morning and I didn't feel completely confortable with it as Fri

July 18, 2011 No Comments Full Story

Big GBPUSD consolidation channel – went Long

Big GBPUSD consolidation channel - went Long

As you can see from teh chart, there has bene quite a long consolidation channel.. it's almost been 4 days since the market has been bouncing around 15200 and 15080. I had two lines, 15209 and 15083 and was looking to take a position if the market went beyond this range. The market did indeed break above my upper line and I went short with a stop at the bottom of the line, 15083 and a 100 pip limit. However, the immediate short term top was 15220 or so before the market fell.. it's current

July 6, 2010 No Comments Full Story

Stopped out GBPUSD trade for double whammy!

Stopped out GBPUSD trade for double whammy!

This was my trade today.. two long entries at 1.5433 with a target of 1.5463 and 1.5493 with a stop at 1.5397. The annoying thing is that this was hit and I ended up down 2 x 30 pips loss. You can see that the market then went up and would have hit target 1 and just shy of target 2. Most annoying but there you go....

April 14, 2010 Comments Off on Stopped out GBPUSD trade for double whammy! Full Story