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Monthly Archives: October 2010
101015 – 0945 EST GBPUSD Short
That first spike down at the start of the 0900 session told me (incorrectly) that the opportunity for a trade during the session was over. I was wrong. A pullback occurred with a decent risk:reward opportunity for another short trade … Continue reading
Posted in Trades Missed
Tagged British Pound, free forex chat, fx, GBPUSD, lower lows lower highs, risk management, trader chat.com
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101015 – 0533 EST GBPUSD Long
There are few trades that when I miss them I truly feel bad about it, but this is certainly one of them. First, there were 2 really good opportunities to enter the trade, one at 0533 and another at 0745 … Continue reading
101014 – 0836 EST GBPUSD Short
This short trade shaped up pretty well. I shorted a few additional contracts at higher prices to improve the overall trade. I always like it when I get the chance to do that, so long as the trade works out…:-) … Continue reading
101014 – 0621 EST GBPUSD Short
I went short when price closed below the central pivot line, and then trailed my stop loss to what appeared to be new resistance level. Price action never reached my target and I was stopped out shortly thereafter for another … Continue reading
Posted in Losing Trades, Trades Taken
Tagged British Pound, forex, fx, GBPUSD, short trade, trading psychology, trading system
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101014 – 0527 EST GBPUSD Long
I woke up today to find that the cable had broken 1.6000 and according to my 15 minute pattern chart, still had a way to go. I went long here at 1.6062 and was stopped out shortly thereafter. Can you … Continue reading
Posted in Losing Trades, Trades Taken
Tagged British Pound, fx, GBPUSD, pivot lines, stop loss decisions
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101013 – 0630 EST GBPUSD Short
Another short position that took a while to mature. I bailed on this trade after the 4th time my first target wasn’t achieved. Patience would have paid off obviously, as usual.
Posted in Trades Missed
Tagged British Pound, free forex chat, fx, GBPUSD, pivot lines, short trade, trader
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101012 – 0930 EST GBPUSD Short
Here is a short trade with reasonable risk. It took a while to fully mature, but it finally hit the last target just after 1300 EST.
Posted in Trades Missed
Tagged British Pound, Day Trading, free forex chat, GBPUSD, short trade, trader chat.com
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101008 – 0921 EST GBPUSD Long
Another higher low gave us another chance to go long, giving us two more profit targets.
Posted in Trades Missed
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101007 – 0648 EST GBPUSD Long
Either entry would have resulted in a nice profit, although entry 2 gave us the higher low confidence on the trade. All 3 targets were hit and we had a good opportunity to buy a few more contracts.
Posted in Trades Missed
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101007 – 0915 EST GBPUSD Short
Lower highs told me that the 0500 EST session bull run was probably over. When the 0830 EST low was broken at 0915 EST, a nice short position presented itself. All 3 profit targets were hit, the last target at … Continue reading
Posted in Trades Missed
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