Posts Tagged usd/jpy

Two losing Forex trades – not a good start

Two losing Forex trades - not a good start

I was eager to get back into trading today....  can you see where I went wrong? Yep, the eager bit isn't a good bit when it comes to trading.. it's so easy to pull the trigger when trading but when nothing is there, you're just gambling which is what happened today.. I did really badly... The first trade, long at 126.96 thinking that the market was going to be heading higher..  I bought it right when it peaked and it plummetted.. my stop was at 126.56 for -40 pips. [caption id="attachmen

February 2, 2009 No Comments Full Story

Trading as a game of probabilities –

Trading as a game of probabilities -

The more I look at the stock market, the more I realise that trading is a game of probabilities.. you are never sure what the market will do, you can only make an educated guess as to what may happen and then hope that the market goes your way. If you've an edge, then you have a chance of making it as a successful trader. Anyway, my trade today was a long at 96.37 as I saw the price action bounce off the bottom of the range which I identified...  the market had hit the bottom line 3 times an

November 19, 2008 No Comments Full Story

The right thing to do.. USD/JPY

The right thing to do.. USD/JPY

It seems like I did the right thing when I close my trade previously.. the market has dropped like a stone.. it's a shame I didn't enter the short as it would have been a nice trade!

October 27, 2008 No Comments Full Story

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