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Two sterling trades!!

Two sterling trades!!

I'm trying to be very careful with trades lately, only picking those ripe for picking and I picked off two more successful ones today! Both were GBP pairs, the GBPUSD and GBPJPY and both were winners, hence sterling by both counts. The EUR pairs however were extremely weak and they were ideally the ones to have traded at the same time but the volatility freaked me out and I was playing cautious. Anyway, here are my charts showing my entries and exits..

April 27, 2009 No Comments Full Story

Forex trading update – 23rd April

Forex trading update - 23rd April

I closed my USDJPY long for +3 as I got nervous about it....this turned out to be the correct thing to do! Phew! Anyway, I noticed that the GBPJPY got stuck in a short term range, 14400 and 14373 so when it got near 14400 I shorted it.. not only was this the top of the range but it was near a whole number.. whole numbers usually form a good support/resistance so I went for it...  it didn't look too good a few minutes into my trade and I had my stop at 14420. The spread with the GBPJPY is 10

April 23, 2009 No Comments Full Story

Betfair trading…

I haven't mentioned much about my Betfair betting... or Betfair trading but it has been going quite well. So well in fact that my account has swelled 50% and also I have enrolled myself on a Betfair trading course by the Betting Exchange Academy held by Peter Webb. I am extremely excited by the prospect of this as Betfair seems to be much more easier than financial trading. With my limited experience of Betfair and taking small punts, my account has grown quite nicely. I mention Betfair tradi

April 23, 2009 5 Comments Full Story

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