I entered a long on this pair GBP/CAD after the free fall proceeding the BoE minutes. Again patience paid off and I scooped a good buy. The only groan i have about this trade is that while I was sleeping it spike up to a positive 700 or so pips and I missed my closing price that would have pocketed me another 700 pips. I will leave this trade open for the weekend and see if it heads back up to the 88-89 level if it does thats another 1000 pip trade! Lets see where it goes in the next coming week. My stop is just above the buy line at a + 50 pips. If I consulted my crystal ball I would have known to put in a limit order and took home another 700 pips but I didn't - More proof that I'm not a perfect trader.
Forex Trading Signals
- EUR/CAD - Buy @ 1.58 zone
- EUR/JPY - Sell @ 130 level - Buy @ 120 or lower
- AUD/USD - Buy @ 63 Zone - Sell @ 70 Zone
- USD/CAD Buy @ 1.20 Zone - Sell @ 1.30 Zone
- EUR/CHF - Buy At 1.46 to 1.48 zone
- USD/CHF Sell @ 1.18 to 1.20 zone
- GBP/USD - Sell @ 1.50 zone - Buy @ 1.34 zone
- GBP/JPY - Sell @ 140 zone
- EUR/USD - Buy @ 1.24-1.26 zone
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Friday, December 19, 2008
GBP/CAD: Long @ 1.7928 is up 300 pips! It was up 600 but I haven't closed it yet
I entered a long on this pair GBP/CAD after the free fall proceeding the BoE minutes. Again patience paid off and I scooped a good buy. The only groan i have about this trade is that while I was sleeping it spike up to a positive 700 or so pips and I missed my closing price that would have pocketed me another 700 pips. I will leave this trade open for the weekend and see if it heads back up to the 88-89 level if it does thats another 1000 pip trade! Lets see where it goes in the next coming week. My stop is just above the buy line at a + 50 pips. If I consulted my crystal ball I would have known to put in a limit order and took home another 700 pips but I didn't - More proof that I'm not a perfect trader.
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