Posts Tagged trailing stop

My 20 pip profit today – GBPUSD and EURUSD

My 20 pip profit today - GBPUSD and EURUSD

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 No Comments Full Story

My other trade today – short CHFJPY – not a clean signal, let’s see what happens!

My other trade today - short CHFJPY - not a clean signal, let's see what happens!

I also put in a short trade on the CHFJPY with a trailing 50 point stop loss. The market hit a double bottom at 100.18 and has bounced up to hit the 61.8% Fibonacci level. The stochastics have also crossed towards the downside. All looks good you may say.. however, I am not 100% confident of this trade for the following reasons: The stochastics crossed at the 60 level. A clean cross should happen either above 80 and move downwards or below 20 and move upwards Very strong upwards momentum

June 2, 2008 No Comments Full Story