Posts Tagged stopped out

Stopped out on Euro trade

Stopped out on Euro trade

Today we got stopped out on our Euro trade..  if you look at the chart yesterday evening, you can see that there was a bullish bar.. it wasn't quite a pin but you can see that there was buying where the price had hit the 20 day MA line. At that time, it looked like a good place to go long and so I did! However, as you can see with today's price action, the market pretty much went into freefall and invalidated our entry and stopped out our trade.  We lost 60 pips!

April 23, 2013 No Comments Full Story

Caught out again – GBPUSD short

Caught out again - GBPUSD short

Hmm, same thing happened to me today. I had a sell at 15233 with a 40 pip stop and a 60 pip target...  the market knew where my stop was and hit it... then promptly fell and hit what would have been my target of 60 pips.. well what can I do? Annoying that it is, that's what happen.. hopefully it won't happen tomorrow!

April 7, 2010 Comments Off on Caught out again – GBPUSD short Full Story

Market mistiming on the GBPUSD

Market mistiming on the GBPUSD

Last week the markets were in turmoil... however, there was plenty of opportunity for those who like to play the markets.. unfortunately, it was a horrible week for me.. I got excited by the markets but frustrated to see that I had missed most of the action when I got home and ended up paying with my account. Luckily, my account isn't large and any losses are generally covered by the sponsorship I make on the blog.. However, I got back into it and last night put on a long on the GBPUSD. It wa

October 13, 2008 No Comments Full Story