Posts Tagged trading gbpusd
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
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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
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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
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