Forex Trading

Mornin'

Cable steaming ahead now - position 1 is +1105 pips, poition 2 +721 pips, both full positions. 500pip trailer is holdin the stop at 1.5320, bit too close for my liking really, would have preferred 1.5520 to stay above yesterdays range but then it was a large day. will leave the 500 trail in.


Swissy is holding up the rear tho not doing much, don't know sometimes why i bother with swissy but it's 106 up - not far enough to move the stop yet.

usdjpy finally made it's move also +230 as i write. stop remains at 98.40 so no locked in profit yet.

audusd now 160 up on yesterdays new position, stop moved to 0.6735.

that's it, nothing new i want to risk.

this then is typical of a daily chart trader - last week we lost a few hundred pips - cant remember how many but around 400-500 pips in several trades. then you find good ones and ride em like a cowboy on a bronco. cable has been in since the 3rd nov so 10 days already but remember that was my second bite at cable.

so my impressive +1400 in 2 days score went down to 900, but now looking at +2000 in open trades. Providing you trade small enough and manage your risk then you can make good money even at a few dollars a pip.

That's it, off for the day - hope you have luck.

Closed Results +956 Pips since Oct 23rd 2008.