Archive for the Trading Category
Last night I sat and watched the Forex markets and there was a spike up showing strong support at around 135.65.. this also coincided with a trend line in the 4 hour chart (as below)... this was a cue for me to go long and I did at 137.02
I put a 100 pip stoploss and 100 pip target price and went to bed.
When I woke up, I saw that I was within 6 pips of being stopped out and that my trade had gone on to make a profit! Phew.. now that was lucky, usually I'll be stopped out first before
March 3, 2009
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Well, I'm still running the demo account on the FXCM System Selector.. the date is 2nd March 19:30 GMT and the portfolio is now running at just under $97,000 which is a 3% loss so far.
There are a couple of running trades still which are showing a cumulative profit of $1711.73. I'm short on both GBPUSD and GBPJPY on the Trend Escape trading system.
It still early days so let's see how it goes..
March 3, 2009
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On my way home today, I picked up the free newpaper London Paper and there was a trader profile.. some chap called Jason Greenwood who is a trader and bets £800 a point! That is amazing, I try and swing for a 100 point gain on forex trades.. at £800 a point, that's £80,000 ($113,000 USD) on one trade!
Anyway, I scanned the newspaper clipping...
March 2, 2009
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