Archive for December, 2007
I got back home today and look at the market as I always do. It was stuck in a choppy range.. it would break out of this but I wasn't sure which way it would move. There were some opportunities to short it was it went up the to the 5 day MA as it seemed to have been contained the price action.
I was thinking that the price action would break down but there was a clue in that the stochastics were showing positive divergence.
The price action did break below the previous low but soon shot up
December 20, 2007
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For those who read my post of yesterday, you would have read that I got demoted and had to go back to the simulator.
However, I traded today and made +12 prices...
I could have ridden it a bit higher. The price action breached the 5 day MA which contained the price for most of the day and when it broke, it was time to enter.
Stochastics in the 5 mins were oversold which made me a bit cautious but MACD was still oversold.
However, stochastics and MACD on 15 mins were looking to move b
December 18, 2007
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Evening everyone.. today I was at a training course and they finished early which meant I was able to dash back home and got a few extra hours in trading.
The trades are made were not bad, at one stage I was 9 prices up after two trades.
However, perhaps it was to do with trading psychology or just unlucky but my next two trades were breached by 1 price when the reverse and hit the limit I had targetted.
The last trade was breached by two prices before it reversed and hit my limit ord
December 17, 2007
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