Archive for April 27th, 2009

Trading the S&P

Trading the S&P

I saw an opportunity on the S&P, the price action had found a temporary base at just below 855 and the stochastics and MACD were indicating that a turn maybe on it's way. I am always a bit hesitant when trading the S&P as my stake size has a minimal size. However, when one sees an opportunity, a good trader needs to take it... so, being the best trader that I could be, I went for it and went long at 856 or nearabouts. My two winning trades on GBPUSD and GBPJPY means that I had profit

April 27, 2009 No Comments Full Story

Two sterling trades!!

Two sterling trades!!

I'm trying to be very careful with trades lately, only picking those ripe for picking and I picked off two more successful ones today! Both were GBP pairs, the GBPUSD and GBPJPY and both were winners, hence sterling by both counts. The EUR pairs however were extremely weak and they were ideally the ones to have traded at the same time but the volatility freaked me out and I was playing cautious. Anyway, here are my charts showing my entries and exits..

April 27, 2009 No Comments Full Story