Wednesday, April 7, 2010

My 1000000 Dollar Challenge

Hi There Guys
what a start to a week ....Monday was a bank holiday for us in South Africa ,so nothing much happened and Tuesday was just a total waste of time ....didn't get round to trading at all .
But today has been an eventful day so far on the market for me I have traded 2 trades on the GBP/USD both successful trades ,one had the potential of turning bad ,but t6hats why I stress the importance of moving the stop up to break even as soon as possible especially when you are not sure of the markets nature .
Both trades ...traded were break out trades the fist trade my entry was 1.5265 .closed half my position at 20 point (pip) profit and moved my stop to break even where in half the time it took me to look move my stop to break even I was stopped out

My 2nd trade was an entry at 1.5225 short from a break out trade of a trend line .....closed half my position at 20 point profit again ,currently my stop is at at break even and still trading, I expect support to come in at 1.5180 lets see if it breaks through that level .if it break through that level 1.5149 support may be seen , remember we can can only interpret what is happening ...nothing is for sure




No comments:

Post a Comment