Trading Heroes » Losing Trades

August 23, 2010 – EURJPY London Trade

Hugh — Tue, 24 Aug 2010 01:56:53 +0000

Here is my London Trade for today.

The final result was a -2.2% loss on the trade. As it says in the video, I should have used a 25 pip stop loss. I could have also not traded the second time and have been OK with a -1% loss.

July 6, 2010 EURUSD London Trade

Hugh — Tue, 06 Jul 2010 11:48:51 +0000

This London Trade was a little frustrating.

Click above to enlarge

The trade was profitable for a little while, but then it started moving against me. I decided to close it out and go to sleep.

I was a little disheartened by the previous losing trades, so I didn’t want the loss to get any

Continue reading July 6, 2010 EURUSD London Trade

July 2, 2010 GBPUSD London Trade

Hugh — Fri, 02 Jul 2010 11:06:19 +0000

This was another tough one.

Click above to enlarge

Price was really choppy and went nowhere. I was looking for a breakout, but never got it.

I thought that since there was such a large run up in price, there was bound to be some retracement. But it never came.

The result was a -1.8% loss

Continue reading July 2, 2010 GBPUSD London Trade

July 1, 2010 EURJPY London Trade

Hugh — Thu, 01 Jul 2010 10:49:24 +0000

Another London Trade.

Click above to enlarge

The setup on this one looked good. There was a long wick on the candlestick and there was a good chance of price dropping.

However, it was not to be. Price jumped up before dropping later.

My stop was hit again and it resulted in a -2.5% loss.

June 30, 2010 EURUSD London Trade

Hugh — Wed, 30 Jun 2010 10:26:19 +0000

Here is a London Trade with the EURUSD.

Click above to enlarge

Price looked like it would head back down, so I took a short position on this trade. Things were looking good, then there was some news or something that caused the market to jump up.

When I looked on the calendar, there was

Continue reading June 30, 2010 EURUSD London Trade

June 29, 2010 GBPUSD London Trade

Hugh — Wed, 30 Jun 2010 09:05:51 +0000

Here is another London Trade, so far so good.

Click above for larger image

As soon as the London Session started, price dipped down and the Stochastics was over sold. This was a good buy signal. I waited for the 15 minute candle to close and I put in two buy orders.

As you can

Continue reading June 29, 2010 GBPUSD London Trade

June 28, 2010 – The London Trade Part 2

Hugh — Tue, 29 Jun 2010 10:05:39 +0000

Crap, I ended up giving it all back. I should have just let the first trade go so that I ended up with a profit. Here is the chart. Pretty much the same thing as the last trade, but in reverse.

Click above to enlarge

As you can see

Continue reading June 28, 2010 – The London Trade Part 2

May 28, 2010 GBPJPY Counter Trend Trade

Hugh — Sat, 29 May 2010 05:37:55 +0000

This is one of my favorite setups and this one looked good. Price hit the R3 of the previous day and there was also a Counter Trend Trade on the previous day.

This trade was on a Friday however and it wasn’t a good week of trading for me so I decided to just exit the

Continue reading May 28, 2010 GBPJPY Counter Trend Trade