Archive for December, 2007
Today, I had a little time at work and saw some opportunity and made two trades on the Forex market.
The first was a short of the AUDUSD at 0.8890 early this morning. The reason for the trade, a double top formation in the 15 mins with negative divergence showing in the MACD chart.
Then I shorted the EURUSD chart at 1.4708.. once again, another double top pattern. The entry for this one wasn't as good as the AUDUSD trade but still, I was happy with it.
I had set up my stops for both and
December 11, 2007
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Well, I had my chat with my trading mentor earlier today and I am set up to trade live. We spoke about positioning and trading 1 contract.
The maximum loss each day is $200 which amounts to 20 prices or so.
Anyway, initially I felt a little nervous, this was real money on the line and I take a 50% cut in any of the profits. I got to make this work and there is the expectation now that I've graduated and trading real company money.
My first trade was a standard one on the break of a pr
December 10, 2007
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Hi all,
For those who have followed my blog and read my Emini trades, you would have read that a few months back, I had joined a trading academy.
Now, you have to pay a fee to join the trading academy.. it is a way I guess to filter those people who are serious or not, the trading academy don't want to invest their time and effort into people who are not in it for the long haul.
If you make it at the end of the training, then the company will back you with company funds. The way you mak
December 10, 2007
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