Posts Tagged Trading
A trade that I still have open is the one below. I had went long at 14438 earlier today on the EURUSD and saw that it had failed to go above 14500 and it did make me think if I should close the trade for a healthy 55 pip profit. However, for this trade, I was looking at the 4 hour and the Daily Charts to gauge an entry and they are still telling me that the market is still in an uptrend... I sure hope so. As you can see from the below chart taken at 22:10 UK time, the price action has fallen all
June 14, 2011
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Well, it had to happen I suppose... I don't know anyone who goes and has a winning day every day....
I had closed two trades today with a loss.. firstly a short of the USDJPY Forex pair.. it looked as though it was breaking down and I had actually entered short yesterday around 4pm. The market dwindled for a few hours in the early hours of the morning before it started it's rise and hit my stop at 8040 for a 25 point loss.
My next trade was a little bit disappointing on my part.. I h
June 14, 2011
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Another profitable day in the markets. The health of the stock markets tend to reflect the GBPUSD, EURUSD and FTSE100 and I had a long trade in all of these instruments this morning.
The first trade was the FTSE100 index long at 5773. I had a 20 point stop with an initial 60 point target. However, waiting for the market to move was fruitless. It didn't move much during the European open and even when the US markets opened up, nothing much happened so I closed for 13 points.
The second
June 13, 2011
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