Double top pattern – EURCHF
Double top pattern in the 15 minute chart with the EURCHF forex pair so I shorted it at 15202.. I have a 50 pip trailing stop. As you can see the red line shows the resistance.
Posts Tagged Trading
GBPJPY – breakeven trade
I was too tired to update my trade last night but I had shorted the GBPJPY at the red arrow. The Japanese candlestick shooting star was the indication for me that the prices were going lower and I had set a stop at 50 points and actually was looking at 150.90 as an exit which was just above the previous low made a few days ago. The market moved nicely down and when it moved 50 points, I moved my stop to breakeven and left it. However, it bounced up and hit my stop for zero points which was qu
The result of last nights trade – GBPJPY
Last night I left you with the result of my trade where the market had moved to about 100 points in my favour but I decided to leave it to run a trend to find that it had got to 20 points from my stop.... Well, last night, I couldn't sleep properly thinking about the trade... my stop never hit but it was so close... soon afterwards, the market dropped (after I woke up to watch it) and I manually closed at 158.29. Perhaps I am never destined to be rich but still, my trade was a good one which
