Posts Tagged Trading

Developing your Trading Psychology

Developing your Trading Psychology

For those that haven’t come across Trading Psychology yet, this is something you need to know if you are to be successful at trading. It would take a whole book to give you an intro to it so I recommend reading a couple of books… Trading in the Zone by Mark Douglas, anything by Van Tharp and Brett Steenbarger For those that do know about Trading Psychology, you’ll remember that having the right Trading Psychology is 80% towards your success towards financial trading. Some people think i

October 24, 2013 No Comments Full Story

Going Long USDCHF

Going Long USDCHF

I just went long on the USDCHF pair...  if you click on the picture above, you can see it more clearly. The price has now hit a support line which was a strong base at the beginning of the year. The price had hit this year on a couple of occasions and it's worth a punt! The negative aspects of the trade is that the price is looking a tad weak and we have gone long as the market is trending lower so we are indeed trading this as a countertrend play. However, the risk is low.. 30 pips w

September 23, 2013 No Comments Full Story

Stopped out on FTSE today

Stopped out on FTSE today

A trade which I forgot to post on Twitter.. probably a good thing as it was a loser but it was so very close to a winner! Anyway, I thought this was an interesting trade. I've posted this showing a 4 hour chart but I actually took the trade from the Daily, you can see the support area (in blue) more clearly. I went long the FTSE at 6589 see that there had been two days of falls and we were going to fall and hit support soon. Although support was at around 6560, I actually had my stop at 6540

September 18, 2013 No Comments Full Story

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