NZDJPY
Thursday, January 17th, 2008I finally entered a new trade this week. I had not traded nor updated this blog in quite a while for the a few simple reasons. To be honest, I felt a bit discouraged by the last loosing trade i had entered. I really felt like it would be “impossible”to win back the money I had lost. […]
A loosing trade
Monday, December 10th, 2007In my past entry, I wrote about a poor trade I entered about a week ago. I purchased 3 lots of EURUSD at about 1.4920, expecting to climb all the way to 1.50. Instead, the Euro retraced back down. I kept my trade open for a few days expecting it to rally back, but instead the […]
Entry Points
Wednesday, November 28th, 2007A few days ago I entered a pretty bad trade. This trade turned out bad because of my entry point. I had a long position in the EuroUsd from 1.4812 that got closed for some reason (neither my stop nor my limit were hit and I didn’t close the trade manually). So, in the morning […]
Last Week
Monday, November 19th, 2007Last week, I entered a couple of profitable trades (but that could have been even more profitable had i not exited my positions too quickly).
On October 31st, I shorted the USDJPY. I had read one of Jamie’s technical analysis articles on DailyFx and he anticipated a strong downmove in the Yen. I entered at 115.403 […]
ECB rate decision/speech
Thursday, November 8th, 2007Trichet spoke this morning and as I wrote yesterday his speech was very important since any hint that inflation was still ECB’s primary concern could have sent the Euro to new record highs. Instead Trichet’s speech was rather mixed as he expressed concerns over both inflation and commodities/oil prices. The Euro didn’t “skyrocket” right after his speech […]
EUR
Wednesday, November 7th, 2007The Euro has once again broken record high level and peaked above 1.47 last night. The question is now (well actually it’s the same question we’ve been asking ourselves for quite a while now) : how much higher can it go ? As I wrote in some of my previous blogs, got scarred out of all […]
Psychology of Trading
Thursday, November 1st, 2007I have now been trading with a real account for about two weeks and wanted to write a little bit about the psychology of trading. When I was working on the Demo, I would enter trades, calculate where I was going to place my stop (and perhaps also my limit price), enter those into the computer and then walk away […]
EURUSD - update
Tuesday, October 23rd, 2007I wrote last night that I had bought one EURUSD lot at 1.4159 in the pullback that occurred yesterday morning (after the Euro peaked at all-time highs). Shortly after writing that post, I doubled up at bought another lot at 1.4183. The first lot is now up 113 pips and the second lot 94 pips. […]
Monday, October 22nd, 2007
Last night the EURUSD pair reached all time highs and quickly reversed trading all the way down from 1.43 to 1.413. I decided to take advantage of this pullback and bought one lot at 1.4159. I believe there is a good chance for the Euro to trade back up to 1.44 and even potentially 1.45 if the Fed […]
GBPUSD Trading Range
Tuesday, October 16th, 2007The GPBUSD pair has been trading in a range (2.0250-2.0450) since the end of September. I’ve decided to try to profit from this trading pattern. I bought one lot at 2.0300. My upside is 150 pips (limit set at 2.0440). I set my limit price at 2.0230, 70 pips below since that is under the trading […]
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