Posts Tagged Trading
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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Unfortunately, I had two losing trades this week... firstly the USDCAD long
I had gone long this pair as it looked as though the downwards momentum had stopped.. I could see some support here. When I got a bullish signal, I entered long. However, this was very short term as the trend was still short and my stop got hit.
My next trade was the DOW short:
I got a bearish daily pin bar and the market had recently breached higher yet fell.. a bearish signed. I went short.. unfortun
December 9, 2012
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