Posts Tagged usdchf
I don't usually like to trade during the Xmas/New Year time as the markets are quite light on volume. However, it was my first day back today into work and it was sooo quiet! I have got into the habit of logging into the trading platform after work to have a look at the market.
I made a trade, long USDCHF at 1.0556 and got out at 1.0594 for a 38 pip profit with a 50 pip stoploss. Not really a good trade overall as my pip count should be at least equal to my anticipated stoploss to have any ch
December 29, 2008
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I have been quite careful of late and this has benefitted my trades.. I have found that the best trades are those which are 'boring'. When I say boring I mean that they do not give me the excitement which I experienced before... I just put them on and wait patiently. Sometimes I am not patient and end up closing them too early.
Anyway, one of the terms I have heard before is 'bottom pickers get smelly fingers' referring to those who try and time bottom of markets and this also corresponds to
November 11, 2008
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I put on a trade today, the USDCHF short. I have a trading channel as drawn and then I went out with my stop in place. I expected the market to fall and it did fall sharply at one point. If I were around I would have probably closed the position early after it bounced off the bottom of the trading channel. It rose from this and broke above the high of the channel triggering my stop for -50.
It is extremely annoying when this happens as at one stage, this trade was +50 up when it reached the b
October 3, 2008
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