Monday, April 19, 2010

Don't try this at home

Big gap down for gbp/usd. So I chose down side, but market wasn't in a fast mode where I can interpret easily when is signal for my trade. So I went with half size and keep adding. I didn't expect that big bounce up but once when you are part of it it's hard to close. At b/e 238 I was contemplating of taking half of the position down because it was double and market could easily snap back. It did continue down but gbp was much stronger then eur which broke to the new low so there wasn't extension in gbp/usd in big way.
I really shouldn't trade when I don't see opportunity that I like and which I can trade with style that suits me.

+34 pips

(It's not marked on chart but all positions were 1/2 size)

3 comments:

Oanda scalper said...

I like your style of trading..What is your pip value?? (if it's not personal)...

FFXD said...

Nice...

FX said...

Thanks guys.

@Oanda scalper: I keep it personal.