Posts Tagged Trading
Today I was a bit unlucky with the markets. I usually take the high and low of the market movement between 4am and 7am but I had set the high at the previous high at around 6am which I thought would be the high of the day.
Anyway, if you look at the chart you will see that my trade triggered at 7am for the long which then fell to hit the stop for -40. The short trade also went and it should have hit the target for 30 pips but including the spread and all that, I think I missed the exit by les
June 7, 2010
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The last 3 days were not good for the system and I suffered a 20 pip loss each day. As I traded Tuesday, Wednesday and Thursday, the total loss for the week was 60 pips! I didn't trade Monday as it was the Bank Holiday yet it would have yielded profits had I done.
It's times like this when you consider whether your trading system is going to work for you... the back testing has shown that 3 days in a row of losses is rare but when it happens, your confidence in the system diminishes and the d
June 4, 2010
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Hi All,
I've just got back from an exhausting business trip on the African continent. I took all my trading road warrior tools with me and traded one day last week. It wasn't the technology that let me down (the Internet was extremely slow however).. it was the fact that my conferences started at the time when I could put in the order and since the Internet was so slow, it took 10 minutes to login and open the charts.
Each day however, I took a snapshot of the market to see how the str
May 23, 2010
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