Wednesday, 28 March 2007

Pants day

Yep, a bit of a pants day today!

The EUR/USD last night got stopped out.. it went down a little more though so I nursed a loss but it could have been a lot worse.



Also, I made two fresh trades this morning.. short USD/CHF at 12101, stop 12142 and long EUR/GBP at 6799, stop loss 6780.

USD/CHF looked liked it was heading south but it hit support at 12085 and headed upwards hitting my stop..



EUR/GBP is still currently open... it's retracing out of my favour at the moment but lets hope it goes the right way! I'm slightly down on this trade currently.



To top it all off, I have doubled my stakes as I was doing so well.. so what should have been a 70 pip loss or so is the same value as a 140 pip loss! OUCH!

Remember what I said about being confident in the markets? You can never afford to be, it just comes back and kicks you in the 'nads!

No comments: