Archive for December, 2011
When you suffer a loss trading, your confidence takes a beating and this can cause you to make a mistake and lose. However, in hindsight, the below trade I placed on the DOW was a great entry but my stop was way too tight and I felt that this was probably because of the previous loss on USDCAD which made me more nervous than usual and I put the stop way too close to the previous resistance level at 10915. My stop was at 10920 and ideally at least should be at least 20 points away from the previo
December 19, 2011
4 Comments Full Story
Today was another one of those days where the market didn't want to play. As a frequent visitor to the markets, this kind of thing happens all the time.. there is no such thing as a sure trade as the markets can do absolutely anything.
Anyway, here was my trade today, I took the long trade as the price of USDCAD bounced off the moving average. Price action looked strong and I was looking to take this up to 10400 and a relatively tight stop. Looked like a great trade...
Unfortunately, t
December 19, 2011
2 Comments Full Story
When looking back from future decades, 2011 may well prove to be the year that saw a fundamental shift in the global economy. The Eurozone crisis, an ever present on our front pages that is not yet resolved at the time of writing has shaken the world financial system to its core. At the same time, US politicians have engineered astonishing crises out of nothing which has seen their country's debt downgraded for the first time in history.
It has not been an easy year for foreign investment. St
December 19, 2011
No Comments Full Story
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