Posts Tagged going long
As I mentioned last night, I had gone long on the GBPJPY at 174.21 with a 50 pip stop loss and a 45 pip trailing stop. I had correctly picked the right direction and the market went up.... my trailing stop went up also to capture profits. The market hit a short term peak at 175.00 before it started to fall and caught my stoploss which at this time has moved to 174.58 netting me 37 pips. This was quite annoying as at 175.00 it was a 79 pip profit. Then, not soon after hitting my stop, the market
October 21, 2008
No Comments Full Story
I just went long GBPJPY at 174.21 with a 50 pip stop loss and a 45 pip trailing stop.. the market has come off pretty strongly and I am expecting a countertrend bounce as the market seems to have found a temporary bottom between 173.60 and 174.00.. the over trend is down however so this is quite a risky trade. However, if the market does move up, I am expecting quite a handsome reward (that's if I can hold onto the trade!)
October 20, 2008
2 Comments Full Story
Unfortunately my trading goes from bad to worse.. I feel quite demoralised and I am not even looking at the charts properly and analysing before putting on trades. I just turn on the charting platform and put on the trades and lose. In fact, if I did the complete opposite to what I am currently doing I probably could do well!!! Right now, when I buy, the markets go down, when I sell, they go up! It seems that the markets know exactly what I want to do and just to the opposite to cause as much pa
August 13, 2008
1 Comment Full Story
