Archive for June, 2008
I shorted AUDNZD yesterday after seeing the stochastic cross at 12499. I have always been wary of not allowing my trades to run to completion so I left it running for as long as I could. The market did bottom out to 12435 (god knows why my trailing stop didn't activate which is rather annoying) and now it have moved back. The stochastics have cross the other way and the trend indicator has turned blue... I have close my trade for a measly +15.
When it bottomed, I was sitting on 65 odd points.
June 18, 2008
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I didn't know how to describe this properly but I found a fascinating site at http://www.gummy-stuff.org/
This site has all sorts of data which show all sorts of fascinating and interesting things to do with the stock markets. The spreadsheets are great, you can use them to do all sorts of stuff... you can do things like download financial data from Yahoo and draw all sorts of graphs, run simulations and generally tweak to your hearts content. I got lost in this site for hours downloading an
June 16, 2008
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I mentioned that I went on Simon Grinter's Forex seminar not so long ago... well, finally, I got a chance to put on his 'weekly breakout' trade. I put in an order to go long at 211.05 with a 100 pip limit and stop and waited....
I woke up this morning to find that my trade had been triggered and that I was already 20 pips up. By the time I got to work, my trade was about 70 pips up. There was some resistance around 212.00 so I took profit when it eased off (you never know, it may tank from he
June 16, 2008
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