Jignesh's Blog

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Missing out on a trade - When it benefits

One of the items of trading psychology - missing out on a trade. It can really affect performance thinking about trades like this, especially when you get stuck dwelling on it.
I missed out on a GBPCAD trade last week. I was short the pair, and saw an area where I expected a reversal. I was looking to both close my position and I had already set a bid in at the same price on Friday. The price came within 4 pips of my target and ranged for a bit. I ended up getting stopped out on my short for bre…
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Contest Update

I've added a GBPAUD long to my contest account. Watching the open this week, I've noticed the AUD selling off against many of it's counter parts.
RBA Gov Stevens is due to speak mid way through the Asian session. In the past, he has on several occasions attempted verbal intervention in trying to bring down the exchange rate.
In the past, the RBA has been very vocal about a high exchange rate at current levels, this time around, I believe fundamentals do not support a rate cut and thus they are n…
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