Archive for the Trading Category
I went short on the GBPJPY forex pair today at 136.75 and too profit at 136.25 for a 50 pip profit. It was looking good for a short as it had once again bounced off a top pattern at around 136.90... I had intended on just keeping the trade running and gradually move the stoploss down as the price action was moving my way but when it started to look a bit funny in the charts and also as there was some resistance previously at 136.25 area, I thought it would be safer to take my profits!
February 9, 2009
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I have received two more Clickbank cheques since I've been selling the electronic products on their website:
The thing with Clickbank is that it is rather annoying for me to receive the cheques as they come from the US when I am based in the UK. The UK bank accounts also take an administration fee for processing a non British pound cheque... this means I lose a little... also, there are the currency movements.. the pound is quite weak currently and I am getting a good rate.. that has
February 3, 2009
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I was eager to get back into trading today.... can you see where I went wrong? Yep, the eager bit isn't a good bit when it comes to trading.. it's so easy to pull the trigger when trading but when nothing is there, you're just gambling which is what happened today.. I did really badly...
The first trade, long at 126.96 thinking that the market was going to be heading higher.. I bought it right when it peaked and it plummetted.. my stop was at 126.56 for -40 pips.
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February 2, 2009
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