Archive for the Trading Category
Yes believe it or not... I have a 10 straight win success rate so far with my trading. I just closed my GBPJPY trade for 35 points. It could lower from here (and probably will) but I have taken my profits.
I went short at 14863 and got out at 14828. The reason why I took profits was that I expected a greater breakdown of the price action below 14832 which was the previous intraday bottom.. it sell below this and just stalled. Usually, a break above the previous low would mean a very quick fal
May 7, 2009
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I have had 8 winning trades in a row and I'm starting to get a little nervous. Generally I know that I am about 60% correct so a loss is due at some stage.... each time I am trading I am aware of this and this makes me a little nervous. Anyway, I went long the GBPJPY at 14581 when it breached the downward trend (as indicated in the chart below). My stop was at 14545 and my first target was 14620.
The market shot up and I got nervous... it shot up too quickly and with a surge like this, I expe
April 30, 2009
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I was also watching the S&P as it was trading between a consolidation channel between 855 and 860. It could have been a long above the break of 860 which it did but I am so cautious and have been caught out by these sort of trades many times so I thought that perhaps I may enter on a pullback. The market looks like it is make a pullback now but the relative lack of strength when the price action went above 860 looked rather weak.. however, saying that now, it would probably shoot up...
I
April 28, 2009
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