Archive for January, 2008
First trade was a short at 134500 when the market bounced up from a fall and hit the 5 day MA line and stochastics were looking to cross towards the downside. Unfortunately I was wrong and got stopped out.
Second trade was another short at 134725 at the market hit the previous swing high level… I was proved wrong again.
By this stage, I was nursing a -14 loss!! Ouch!
Hmm.. then I saw an opportunity to short again when the market hit the top of the channel and I put on my trade.. luc
January 24, 2008
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I pulled a good trade today, went long at 128250 as the market pulled back to hit the 5 day MA on the 5 min charts. The MACD and Stochastic in both the 5 and 15 mins were all pointing the right way which made me more confident.
I targetted 128975 but when it hovered around 128900, I manually closed out at 128875 for 25 prices!!
However, this was all on the simulator (I went back to it yesterday after losses).. Now, this is very odd.. I do very well on simulator and lose on the live account
January 23, 2008
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Back to it today.. the stock markets around the world tanked yesterday and then the US market was momentarily saved by the Bank Holiday and then the cutting of interest rates by the Federal Reserve.
I had a lifeline today... my TM (trading mentor for those who are not in the loop) seems to like me despite my losing days and left me on the live account.
The market was extremely volatile today, we're seeing 10 or more prices bobbling up and down all over the place which makes things difficul
January 22, 2008
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