Archive for May, 2008
The Futures magazine is a magazine that I read in Borders when I visit. It is published in the US and Borders in the UK are the only bookshop who import magazines.
However, I found a link to get a free subscription of this magazine for those in the US and Canada meaning that I don't get a chance to get this! Oh well, something for my American and Canadian trader friends or simply if you want a free magazine subscription!
Visit here
http://daytradingradio.tradepub.com/free/fum/?p=f
May 31, 2008
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A few days later after my long trade with EURCHF which should have yielded a nice 180 pips (of which I took none... see previous post for reasons).. another trigger was initiated but this time on the short side. The stochastics crossed and the trend line indicated short. I went short at 1.6275 with a 50 point stop and a 50 point target.
The market fell sharply and I took my profit at 1.6235 for 40 points! I am still unable to ride the trends.. I was thinking it being Friday and the market b
May 30, 2008
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I have been busy today and posted quite a few times in a short space of time!
Anyway, I entered another trade after the previous and make all the losses back to close at 0.3 points in profit! Hoorah, at least it wasn't a loss!
As I mentioned earlier, I was talking about the head and shoulders pattern. It wasn't a perfect pattern but as I write, the market has indeed reversed and hit my targetted endpoint at 1388 and indeed has gone beyond this!
In addition, I didn't mention my Fibonacci
May 28, 2008
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