Posts Tagged Trading
My EURJPY trade earlier this week saw me get in the trade at a great place... however, once again, I fluffed the exit. The chart is below:
The horizontal blue lines show where I entered and exited. I entered at 10657 after seeing the pinbar. I got a little wrapped up in the lower timeframe charts and saw resistance at 10700 and close the trade. I took 40 pips on the trade. You can see that the trade has since moved another 170 pips beyond my exit.. if I was still in this trade I would be
December 12, 2012
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If you'd been following my Twitter profile on http://www.twitter.com/makemoneyalan, where I post my trades in realtime, you would have seen that I entered long EURUSD on Monday at 12911.
I also posted the other day about how I wanted to move the stop to the days lows.... how I failed with that! I am still finding that I'm not holding onto my trades long enough and the temptation to exit my trades in a profit is still something that I need to work on.
Anyway, here's the trade:
The en
December 12, 2012
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I am still finding it difficult to take full advantage of my winning trades.. I recently did some digging into some of my previous winning trades to see how I can improve on their exits. Quite often, I find that I have closed too early my trades for a profit.. but a profit which isn't as good as it should have been.
Of course, there are times when I close a trade at the optimal point and it is exhilarating when you do this.. you feel great that you've been able to get out at the best point fo
December 10, 2012
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