Posts Tagged capitalspreads

Today trades on GBPUSD, EURUSD and FTSE100 and pivot levels

Today trades on GBPUSD, EURUSD and FTSE100 and pivot levels

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 No Comments Full Story

Losing faith in the trading system…. GBPUSD forex trading

Losing faith in the trading system.... GBPUSD forex trading

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 No Comments Full Story