Archive for June 21st, 2010
![DOW scalp trade for a few points]()
I thought I'd have another go at the DOW today since my forex trading yielded a -20 result. I needed to find a way to top up my account!
The Dow was moving lower and you can see the resistance line I drew in. The market was bouncing to this line before heading lower. However, at the blue arrow, the market broke the resistance line and I was looking at a possible long entry at 10532. Luckily for me this did happen as the market tanked. I wasn't flexible enough to short at this stage here so I
June 21, 2010
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![Making some extra money with Betfair]()
As some of you know, I also like to play around with Betfair now and again. With the World Cup on at the moment and Wimbledon Tennis starting today, there are many markets to play with.
The World Cup so far has yielded some really funny results... if one were to bet on the favourites to win then you wouldn't have been doing so well. What I like about Betfair is that there are so many markets which you can bet on. With markets, I don't mean necessarily different sports.. what I mean is that wi
June 21, 2010
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![Nice day for the 4-to-7 trading system.. not so nice for me]()
The chart is show above.. the upper and lower lines are at 14937 and the lower line 14844. This looks like simple short for profits.
It was.. however, for me, I didn't wait until 7am finished and my first trade was a long at 14927 which obviously ended in a loss!
The loss was 50 pips and my gain on the short was 30 pips.. totalling -20 for the day!
June 21, 2010
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