I see now that I have made a mistake trading Gbp/Usd

I don't know how I could have missed it, but I bet on a Gbp rise today;
there is never one way to a data release though:

In this case BOE's Carney refused to put a date on a Gbp rate hike and the pound tumbled

Herin lies the judgement mistake that I made:
why bet on one way: I had already bought Gbp on its initial move up last night,
only to get stopped out just below 1.68 again

I should have put in buy and sell stops both ways,
because the move down is substantial - I could have made some pips

it reminds me again that this is no betting game - pips are aquired reading the technicals and fundamentals of a pair correctly
not on data releases - these are the cherries on the cake if you get them right

Anyway - I see that Usd/Jpy has gained some more ground
and have decided to go long Nzd/Jpy:
because of the lower margin requirements on this pair I was able to buy 5 million;

Nzd/Jpy has the potential to gain ground if Usd/Jpy moves up above 103,
with support now building up at 0.86 for this pair
الترجمة الى الانجليزية اظهار الاصلي

بما انك لم تقم بتسجيل الدخول نحن لا نعلم لغتك و لكننا نعتقد انها الانجليزية
يرجى التسجيل او اختيار لغة اخرى من القائمة للترجمة

– او –