Posts Tagged forex spreadbetting
Today was a good day for me on the markets even though I started off with a loss..
I was look for a short entry below the support line 16405 and the first time it did this it didn't stay below this line for long.. bouncing up and hitting my stop for a 20 pip loss. The second time however, it did continue to fall and it reached my 40 pip target. Total for GBPUSD was 20 pips.
My third trade today was a long FTSE100 trade at 8am. I had my stop 20 pips away which got so close to hitting bu
June 9, 2011
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I had placed a short for the USDJPY Forex pair two evenings ago at 98.24 with a stop at 99.16 and a target of 96.74. The 4 hour charts look as though they had run out of momentum on the uptrend which corresponded to similar looking peaks the over the past few weeks. My stop was place in light of the recent peak around the 9th of March and the target was a level where there was support found on the 6th March. There was not much movement for a day or so and when the market moved upwards, I was exp
March 19, 2009
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