Posts Tagged Trading
As I mentioned last night, I had gone long on the GBPJPY at 174.21 with a 50 pip stop loss and a 45 pip trailing stop. I had correctly picked the right direction and the market went up.... my trailing stop went up also to capture profits. The market hit a short term peak at 175.00 before it started to fall and caught my stoploss which at this time has moved to 174.58 netting me 37 pips. This was quite annoying as at 175.00 it was a 79 pip profit. Then, not soon after hitting my stop, the market
October 21, 2008
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I just went long GBPJPY at 174.21 with a 50 pip stop loss and a 45 pip trailing stop.. the market has come off pretty strongly and I am expecting a countertrend bounce as the market seems to have found a temporary bottom between 173.60 and 174.00.. the over trend is down however so this is quite a risky trade. However, if the market does move up, I am expecting quite a handsome reward (that's if I can hold onto the trade!)
October 20, 2008
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Last week the markets were in turmoil... however, there was plenty of opportunity for those who like to play the markets.. unfortunately, it was a horrible week for me.. I got excited by the markets but frustrated to see that I had missed most of the action when I got home and ended up paying with my account. Luckily, my account isn't large and any losses are generally covered by the sponsorship I make on the blog..
However, I got back into it and last night put on a long on the GBPUSD. It wa
October 13, 2008
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