Archive for the Make Me Some Money Ideas Category
I've heard that you don't do yourself any favours if you think too much about a position when trading. In fact, there was something that the more academic a person is, the more they have to justify their decision before making the trade.. in the fast move world of trading, by the time your neurons have worked out what to do, the market has already moved and along that, the opportunity.
My trade set up today was a long if the GBPUSD went above 15287. The usual limit with this breakout trade is
April 9, 2010
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I put on the same trade this morning, shorted the breakout which was the same trade that I'd put on the last two days. The last two days I had got stopped out on both occasions only to find that the trades would have been successful.
Anyway, today, it went right... I had targetted 60 pips but when the market bounced around this level (and didn't hit my limit price).. I got a little edgy and took the price on the bounc at 15165 for 45 pips. However, just a few minutes later, the market breache
April 8, 2010
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You can see the triple top set up on the 5 minute Dow with the Pivot being the resistance. A good point to short so had a short order at 10887 and rode it down to 10855. My original target was 10840 but hey, I'm still in profit.
March 31, 2010
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