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| Editor - white ribbon - 0 pips transp (Photo credit: Wikipedia) |
This day today haunts me, cause this is my dad's first birthday after his death.
I thought of staying away from any trading today, but then when my mind started wandering to all things depressing, I slyly took it up.
So, coming back to business as usual; the
yesterday's signal went down to drain, causing a loss of
25 pips. But hang on, this was not that bad, because I recovered a bit of those lost pips by about
10. Hence, the overall loss for yesterday comes to a mere
15 pips.
I know I have not updated on the recovery part, that was simply because it happened so quick, and I therefore had no time to update here.
Therefore, as an initiative to present all signals in a better way, I have decided to
tweet in a jiffy for moments like these.
Anyway, as of now the market seems to have gained a lot; I suppose that is what it does before reversing it's trend.
So, now I have opened a Short deal at
1.3559, though I suggest any value above this figure would be good. Though, I wanted my deal to be at
1.3561. I am not going to rue at that one. Rather, I better play safe by keeping stop losses and take profits. So, a stop loss of
50 pips and a profit of
100 does me good.
Though I keep moving the loss by
10 pips, the mome
nt my profit crosses landmarks of
5 pips. Hence, by the time I gain
50 pips, I come to a no loss scenar
io. So, I am assured of not losing anything in a particular trade once I have gained
50 pips on it. Although, I do lose out on profits, because after that even if the market changes the trend, I do not then lower the loss levels. Therefore, my strategy always focuses to lose less rather than gaining more.
By the time I have written this, the market has changed it's mood. Please do not be surprised if I post an update on
Twitter any time soon.
Till then enjoy!!
