A few hours later and my gold trade would be up about $50 but I cut it.
I just entered a GBP/USD counter trend trade. I was up 5pips, switched to the 5 min chart for a look and upon dragging the desktop chart I somehow managed to hit my order line and close down the trade accidentally.
Not to worry maybe for the better...
My deficit for the week is now -$2.47 and I've made my broker about $10 commission, no wonder he has never charged me for the charting package...
I'm kind of stuck for now. It seems like prices are due for retracement across the board. Hard to short when it's oversold and don't really like to counter trend the smaller time frames unless there is a engulfing bar at the least..
I still don't have a solid strategy to trade. I'm just using my discretion and gut feeling. As you see it gets me into enough winnable trades anyhow I just don't have the polish required to take them through to their potential.
I just entered a GBP/USD counter trend trade. I was up 5pips, switched to the 5 min chart for a look and upon dragging the desktop chart I somehow managed to hit my order line and close down the trade accidentally.
Not to worry maybe for the better...
My deficit for the week is now -$2.47 and I've made my broker about $10 commission, no wonder he has never charged me for the charting package...
I'm kind of stuck for now. It seems like prices are due for retracement across the board. Hard to short when it's oversold and don't really like to counter trend the smaller time frames unless there is a engulfing bar at the least..
I still don't have a solid strategy to trade. I'm just using my discretion and gut feeling. As you see it gets me into enough winnable trades anyhow I just don't have the polish required to take them through to their potential.