pierre23 wrote:My Trades today:
[GBP/JPY]
Entered Short: 137.20
SL: NONE YET
Notes:
I did have a healthy pip gain just before (it went down to 136.77), but price has come back up. The spread also has jumped up, it was around 4ish now its 9+.. stupid spread =[ If it seems like price will continue falling I'll stay in the trade. By late afternoon, spread will come down to 3-4 again (as it normally always does in the arvo AEST). But I'm confident it will break previous support (136.77), but as always, this is forex, price may come back to bite me in the ass. Only time will tell.
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[EUR/USD]
Entered Long: 1.3019
SL: NONE
Notes:
I'm looking for price to break resistance today at 1.3070. I'll just keep an eye out and either close the trade by the time I leave work, or put a trailing SL or TP above current resistance. Have to see how it goes in a few hours.
[GBP/JPY]
Watched price as it went more and more against me.. I closed the trade -100pips. Only a few hours later did it drop like a rock and would have made me 50-100pips. But the drawdown was too large, I didn't see it coming.
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[EUR/USD]
Well, the Short recommendation found on bp.com (Pick of the Day) was the exact opposite of my trade. They stopped out at -200 pips. I closed my trade about 20mins ago. It looks like price has exhausted and will be headed downwards today. I closed at 1.3341 for 322pip profit.
These trades combined with my other trades (some I havn't posted) equates to more than 600 pips in the last 2-3 days. I'm up +$13,000 in my demo account in that amount of time. I'll post for trades I may put on today. I'm looking to probably Short eur/usd and possibly the guppy but we'll see what happens.