Posts Tagged Trading
I wanted to put this post up to remind myself of a lesson which I seem to have forgotten and cost me today and that is... "ensuring that your stop is in the right place"
To be honest, I got a bit lazy and have been putting stops with my orders with no real analysis as to where they should be. I know some people and some of the systems that I use do have a fixed stop limits but this way of trading for me involves putting in stops in the correct place.
A stop is your 'yes, I am definately wr
August 30, 2011
1 Comment Full Story
After last week I was cautious... trading systems in my experience don't work in all market conditions so when you get a poor trading week you know that the market dynamics could have changed. I'm more cautious when this happens and my way of testing the market is to scale down my trading and hence my choice to trade only the GBPUSD forex pair this week to see if we get a positive result.
Anyway, I'm glad to say that the week was positive, if only just! It gives me a bit more confidence to tr
August 29, 2011
No Comments Full Story
If only trades were like this every week. We had a short entry at the start of the week and it just ran and ran for 322 pips. I have found that the yellow line is better to get out of trades rather than looking at the price bar colours and the trend indicators. After a great trade with this, I took the rest of the week off and didn't trade any more of the signals (which would have yield a few more pips).
I also traded the EURJPY this week but this was rather choppy in comparison to the
August 22, 2011
No Comments Full Story
« Older Entries
Newer Entries »
