Archive for November 26th, 2007

Trading the S&P emini – I was correct about the move down

Trading the S&P emini - I was correct about the move down

Hi All, As per my previous post, I was correct about the market moving downwards to Thursdays low.. in fact, it got beyond this low.. the markets aren't looking so good! Anyway, I stopped trading at about 7pm GMT time and then missed the huge move down. As you can see from the chart, 143200 was a base which I used and it bounced off this to hit the 50% Fibonacci level and then prompted to fall from here. It was a pretty smooth ride down using the 5 day EMA to gauge it. I made a series

November 26, 2007 No Comments Full Story

Goodbye holiday, time to get back into trading!

It's been a whole week since I've taken a look at the charts and trading. I was a bit worried about getting back into it as it sometimes takes a wee while to resync myself with the market. I'm also a bit jet lagged and I feel that when I trade, I need to be mentally perfect.. I'm not quite feeling that right now but my girlfriend said that I must not slack so I'm back to it. Anyway, after the initial push this morning, there seems to be a downward push.. I think we could see a significant low

November 26, 2007 No Comments Full Story