Today I didn't quite follow the trading plan but I don't feel bad. The price range was between 15355 and 15316. The price broke towards the upside, my price entry was 15360 and my 30 pip target would have been 15390. Although the market did top out around that level (if I include the spread then it may not have triggered anyway), I took profit a little earlier since there was no upwards momentum. I close with +16 profits and the market duly fell afterwards.
Archive for April, 2010
The trading range today was 15178 and 15147. The market broke towards the downside and I entered short. However, it was a false break as the market then moved upwards to hit my stop.. ugh, 30 pip loss! However, since the market then hit the top range, I thought I'd enter long since the move was so strong. It shot up to hit my 30 pip target leaving me with a net zero day! However, the market continued to rally.. making spectacular gains of almost 180 pips! I need a system which could capt
The graph today looks like a simple and straightforward set up... the upper barrier is 15288 and the lower band 15236. The market broke towards the downside and one would have claimed some nice and easy profit.. this is the trading system that I should be trading... however, I lost today!! The biggest problem here was that I did not follow my trading system... to be a good trader, one needs to be disciplined and follow his or her system... I'd been talking about this and yet, I didn't follo