Monthly Archives: August 2010

31 August 2010 – 0936 EST GBPUSD Short

Posted on August 31, 2010 by

I was a bit more patient on this trade (I had to be,) scaling into a total of 9 contracts on the trade, in an effort to get a better fill and make more money if the market eventually went … Continue reading →

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31 August 2010 – 0700 EST GBPUSD Short

Posted on August 31, 2010 by

It’s funny how the human mind works. What I had to get out of just a few hours ago, here I am jumping back in and with a worse entry by almost 13 PIPs.   Anyway, the stop loss was slightly … Continue reading →

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31 August 2010 – 0506 EST GBPUSD Short

Posted on August 31, 2010 by

Here is a great example of knowing what to do, and then doing exactly the opposite.   I have been frustrated over the past few weeks with price movement slowing down a lot between news sessions and becoming more and more … Continue reading →

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30 August 2010 – 0812 EST GBPUSD Short

Posted on August 30, 2010 by

The 0500 session was mostly sideways action until just after 0800, when the market dropped down and grabbed my short entry. Price continued sideways for a little while, and when the USD Personal Income report came out at 0830, the … Continue reading →

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27 August 2010 – 0936 EST GBPUSD Short

Posted on August 27, 2010 by

This was more like the British Pound that I know and love…fast moving with conviction!  Ben Bernanke burped or something so the Dow 30 fell and the US Dollar rallied, hitting 2 of my profit targets rather quickly. Here’s the … Continue reading →

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27 August 2010 – 0833 EST GBPUSD Short

Posted on August 27, 2010 by

I didn’t want to get chopped up while waiting for the 0830 news announcements, so I placed my sell entry below the low hit at 0533. Priced fell after the news announcement, executed my short, hit my first target and … Continue reading →

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27 August 2010 – 0521 EST GBPUSD Short

Posted on August 27, 2010 by

The market has been so wishy-washy most of this week, and this morning’s early 0500 session was no different.  T1 was hit and then I was stopped out on the rest for a small loss. Here’s the trade: Sell 3 … Continue reading →

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26 August 2010 – 0930 EST GBPUSD Long

Posted on August 26, 2010 by

I passed on this trade because the Risk:Reward was too bad even for me. Of course, it worked out, but that’s trading.

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26 August 2010 – 0712 EST GBPUSD Short

Posted on August 26, 2010 by

I could have gotten into this trade a little sooner, scaling in, and taking some profit and risk off the table at Sm1. Instead I waited and ended up running into support that would not give in. Here’s the trade: … Continue reading →

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25 August 2010 – 0527 EST GBPUSD Short

Posted on August 25, 2010 by

Got short here and price hit my T1, and then didn’t seem to want to move lower, so I moved the Stop Loss closer…just in case. Sometimes that’s smart, sometimes not. I think price is waiting for the 0830 EST … Continue reading →

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