Institutional Bank Style Trading: Balance Point Trading is how the banking institutions and large retail investors make their money. This is how we as well are going to make ours. Welcome to Titan's PipWorld...
Happy New Year
Date: Wed, Jan 02, 2008
Time: 1:15am New York Time
Update: I thought it best to give you a pic-image update on my current open positions. As you can see all my positions are negative at the moment and now is not the time to panic but to just let GbpJpy finish out it's downside move. As I have mention before this Balance Point System is a medium to long term trading method that can take days, weeks even months to complete a particular price target.
I did decide not to get back in on Cable (GbpUsd) and was thinking of going with UsdJpy but haven't fully made up my mind as of yet. However, I do believe UsdJpy will head upward to the 115.00 level, it's current price is 111.42...
To enlarge pic once loaded just click on image.
Titan
p.s. It is normal for the market to move against us and it will on 70 to 90 percent of our trades, which is a good thing. A movement against us allow for larger profits simply by letting us add to our positions.