Archive for the Trading Category
When I started to learn you trade, you naturally seek out what other people say.. unfortunately, when it comes down to what peole do say to start with, it's mainly share tips.. this is exacerbated by the fact that a lot of people who come into trading are looking for a fast way to make a quick buck... unfortunately, trading does not work this way...
Trading actually made me learn a hell of a lot about myself, I learnt about controlling my emotions and also learnt about myself as a person... a
March 16, 2009
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Last night, I went short on the EURJPY after it looked like it made a double top.. I got in at 123.35 with a stop at 123.85 (50 points). I had a target of 124.65 and it got hit.. as I write this, the price action is at 122.85 which is almost 200 pips lower.. oh well, profits on the table but I made my 70 pips!
I am using the longer term charts meaning 1 hour and 4 hour charts to time my entries rather than the 5 mins and 15 mins before... although you still may not get the perfect entry,
March 6, 2009
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Last night the USDJPY charts made a double top pattern and I promptly sold. The odds seemed favourable so I got in at 98.20 with a 50 pip stoploss and 50 pip target
I shorted it as it came away from it's second peak.. I was a little cautious as the market had been in a long uptrend but the chances I felt going my way were favourable so I went for it.. unfortunately, my stop got hit earlier today.
March 4, 2009
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