Archive for November 28th, 2008

Impatience leads to lost profits – GBPUSD trading

Impatience leads to lost profits - GBPUSD trading

I got in a short at 1.5385 which was a nice entry with a stop at 1.5415. The market did worrying bounce up and got close but then fell. However, the path downwards was not straight and was showing some resistance... in comparison, the EURUSD had just fallen and this made me feel that the pound sterling had some strength today. The market was bouncing and I got tired of waiting for it to drop and I took my profit at 1.5335 for +50. However, a minute after I had done this, the market fell a furthe

November 28, 2008 No Comments Full Story