As the annotation goes, I’m glad that I didn’t take it.. the markets may well go south but from the initial point of where I thought could have been an entry, it would have been a disaster for a daytrade. The market shoots up to 161.90 before it dwindling around doing not much. A daytrader would be quite nervous at this stage…..

Tags: currency, currency trade, forex, forex blog, gbpjpy, trading commentary

I went short GBPJPY 161.93 just before the market just dropped and managed to get out before it started to rise for 47 pips. I like these sort of movements…  all in less than 10 minutes. I suspect the price action would end lower after this bounce upwards but I don’t want to keep any positions open over the weekend.

Tags: currency, daytrade, forex, gbpjpy, pips

I’m trying to be very careful with trades lately, only picking those ripe for picking and I picked off two more successful ones today!

Both were GBP pairs, the GBPUSD and GBPJPY and both were winners, hence sterling by both counts.

The EUR pairs however were extremely weak and they were ideally the ones to have traded at the same time but the volatility freaked me out and I was playing cautious.

Anyway, here are my charts showing my entries and exits..

Tags: 27th april, currency, currency trader, currency trading, foreign exchange blog, forex, Forex trading, gbpjpy, gbpusd, spreadbet blog, spreadbetting blog, sterling trades, Trading