Hi All, It's hard to learn to trade without a mentor but you can learn a lot from successful traders. I found this website which has a heap of interviews with traders. It's an excellent learning resource so I suggest a visit http://www.traderinterviews.com/
I got home a bit late today. There were some shorting opportunities around the 143000 levels today, a triple top pattern.. however, I was not about to take advantage of these. Anyway, I was quite patient today and entered a short on below the previous swing low at around 141875. I had just about opened my trading platform at this stage so couldnt put in an order to enter at below this level, when I had manually clicked sell, I had got in at 141800. I aimed for the 141500 level at the first
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
