Posted by: joetradingplace | April 28, 2015

Update on open trades

A little update on the trades that I have going, some of the trades are from a few months ago. I have both long and short trades on eurjpy and gbpjpy. This month you can notice price has been in range for a few pairs I trade, but I have done ok by cutting losers and taking profits on some small trends. I perform well when the market is trending and if the market is ranging i make sure that i cut my losses accordingly. There is a thin line between cutting losses and then missing good trades because you have moved your SL quickly. But if you know how price moves, you have better chances of not closing trades too early.

You can notice that all the trades are doing ok…some people might say you are not showing the losing trades….I have no losing trades this month, or maybe i said it too early, because we still have 2 more trading days. I am a trend trader and if i do ok in ranging market i am happy, because when the big trends come thats where i produce a good return.

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