Steve Shenker’s Trading Corner

March 14, 2006 by Trader Rich 

It's actually Sam Shenker's Trading Corner and it can be found here:

http://www.forexproject.com/Blog/Investing_and_Trading/Original_Traders_Corner/

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Comments

2 Responses to “Steve Shenker’s Trading Corner”

  1. Greg Wilson on March 14th, 2006 2:58 pm

    Really agree with the above. The GBP/USD is a good example. It stalled for hours @7370/7338. I anticipated price would reverse down another twenty pips or more , but of course it took off upward, presently @ 7465. Had alerts set for either event, but they didn’t show up on my cellphone in the bedroom where I lay sleeping. What would I do differently next time? Place advance limit orders, which when triggered would have put me in the game? Perhaps. I’ve done that and it’s worked. It’s also not worked, where price hit the trigger and then promptly reversed. Again the need for a stop loss. But how many pips out in last night’s case, 20? As it happened I didn’t make any money (except for a quick sell trade of 25pips between 7370/7338) –but didn’t lose any money either. I’m telling myself to feel good about that. :sad:

  2. rich on March 14th, 2006 10:25 pm

    Greg, have you ever tried automating a trading system?

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