Posts Tagged trading profit
The markets have been kind to me the last couple of weeks... quite a few signals and decent follow through on price action. So on Wednesday I had gone short on Gold.. the trend had been down and I saw the bounce as a retrace. You can see how the price got stuck around 1750 which also happened to be the 50% Fibonacci of the initial fall.
I got in at 1751 with the initial target around 1730. However, when I saw the pin bar in the 4 hour (as in the chart) I too profit around 1742 only for th
October 19, 2012
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I had a really nice short in the GBPUSD market today with a trailing stop. I closed out early for 56 pips however when the market was retracing.. it retraced 25 points before it fell heavily (another 50 points) to 16500.
My actual exit is a trailing stop loss and it would have not hit it before it fell. The old trading adage 'cut your profits short and let your profits run' is a key principle to be successful in trading and I'm annoyed by myself that I broke the rule.
The chart is shown be
May 3, 2011
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I haven't been posting my trading entries for a little while as I never got much feedback from it and thought that people weren't interested. However, lately, I've been getting emails from people asking me if I am indeed doing any trading at all and the answer is indeed YES! Every day in fact, I'm looking at the markets and putting on trades where I can.
Anyway straight to it.. today I had two trades open, short GBPUSD at 15981 with a 10 point trailing stop and a long EURUSD at 14053, once ag
March 28, 2011
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