Posts Tagged capital spreads
The pivots today were all very significant in trading today.. if you look at the blue pivot line in the charts below for all trade instruments (GBPUSD, EURUSD and FTSE), you can see how the price action reacted to the pivot line.
With the GBPUSD chart you can see how the market bouced off the pivot line at around 8am... shortly after this I went long which wasn't a good trade as I ended up with -20 as the market went down. However, on hitting the pivot again, you could see that it provided no
May 5, 2011
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Well, this is when you start to doubt your system... I started off trading this morning breakout strategy with some amazing success but this last week... couple with my own stupid mistakes of not following the system have really bashed my confidence in the system that I have been trading these last couple of weeks.
The morning breakout happened to the downside.. a short at 15321, with the usual 30 pip target and SL at the other end of the channel (60 pips in this case).
The short proved to
April 25, 2010
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Today was particulary annoying... I had only set up one trade to go for 60 pips with the stop loss move to entry when it moves 30 pips in the desired direction..... except that I didn't move the stop loss. I also did do my usual 30 pip trade!
Now, I must tell you that over the weekend, we had a system crash in my normal 9-to-5 job... this result in us working the whole weekend... I'd had very little sleep and in hindsight, when fatigued you need to be careful trading.. simple mistakes can
April 19, 2010
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