For those who follow the blog, you've noticed that the past few weeks I've not put on too many S&P trades. The reason being is that it is too easy to lose on the S&P (well, that's what I find but that could be because I'm not too hot a trader)... anyway, I have been watching every day as usual but just been really careful and I am trying to only enter if I see an entry based on price action. In the past, I have been putting on trades when I am anticipating a move as the stochastics
Archive for June 9th, 2008
Ok, I've gone long on the USDCHF at 10251 with a trailing 50 pip stop. It's 20 pips up so far but you never know what happens to the market... if I close now and bag 20 pips I may feel fab but if it shoots up more, I'll kick myself. However, if the profits now turn into a loss then once again, I'll kick myself.... basically you can't win! You just have to stick to a gameplan and hope for the best. The previous Forex trade I made on the NZDUSD was like that, I could have taken a 25 pip profi
Unfortunately the NZDUSD trade didn't work out.. I got stopped out for -50 though at some stage, I was 25 pips up... oh well!