EURUSD Buy 1.3517 SL 1.3474 P1= 1.3542 P2= 1.3517
Let’s talk about losses.
In trading, losses are the inevitable part of the game. Every business has its expenses. In trading, losses are the major part of your business expenses and they must be treated that way. First reactions of inexperienced traders to losses are anger, frustration, revenge, and such. Beware of trying to get even with the market. … [Read more…]
Jan. 31 end of week results
This week wasn’t so good. The result is a loss of -149 pips. The total up to date results: Week 1: +231 pips Week 2: – 19 pips Week 3: +415 pips Week 4: +366 pips Week 5: +137 pips Week 6: +150 pips Week 7: + 20 … [Read more…]
Th., Jan. 30 Trading on news
EURUSD Buy 1.3601 Sell 1.3563 USDCAD Buy 1.1201 Sell 1.1164
Trade on news result: +40 pips
The P1 gained +20 pips plus both stop loss orders were filled at 1.3669 making the total profit +40 pips
EURUSD New order
EURUSD Sell 1.3648 SL= 1.3676 P1= 1.3631 P2= 1.3608
EURUSD update
The P1 is filled, stop loss orders for the remaining 2 orders are moved to 1.3669
Tu., Jan. 28 Trade on news
I did not have time to post this trade before it happened but will post it now to illustrate how trading on news works: EURUSD Bought at 1.3659, initial SL 1.3623, P1= 1.3679 P2= 1.3691 Once the price moved above 1.3670, I move stop loss orders to break even: