Archive for the Make Me Some Money Ideas Category
I got today off so I went out for some shopping and then got back around 3pm for some trading. I made a series of trades..
My first trade was a long at 134525 with a target of 134775. The market did go up but didn't hit my target before it started to retrace. I got out with a +2 profit before it tanked. The days movement was down day so in effect, I should have concentrated on short trades only.
Then I went short at 134450 with a limit at 134175. The 5 min stochastics had peaked so it look
February 29, 2008
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I have shown just my entries in my attached chart... it was another bad day!
I entered long where the arrow is green at 138425. I could see that the 5 min stochastics were in oversold territory so there would be a move upwards soon.. was it here? However, if I paid more attention to the 15 min chart, I could see that it was telling me something different, the MACD had cross towards the downside and indicating a short. The conflict of signals should have been a warning! Anyway, I ended up
February 26, 2008
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This wasn't my kinda trading today.. I don't seem to be doing well again all of a sudden...
I kept on seeing a top and trying to time it for a ride down. However, I was wrong 3 times. I should have been a bit more careful as the 15 min stochastic was clearly showing a long. Even when we got the cross towards the upside, I went short.
I felt like it was back to the drawing board, I wasn't disciplined at all.
The market then shot up like a bullet.. I have no idea why but I wish I was lon
February 25, 2008
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