Archive for the Make Me Some Money Ideas Category
I thought I would take a look at the S&P chart today... I know in my previous blog entry, I said that I would probably leave it until next week before I start trading but there's no harm in having a look. If there are no opportunities, then that is fine!
Over the Xmas period, I was able to dedicate time to reviewing my trades over the last 6 months. Having all my trade entries and exits along with my faults in the blog allow me to do this and be objective about things.
I found that I w
January 4, 2008
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Hi all,
I'm not back to full swing as yet... remember I was talking about the EUR/CAD last night? Well, it did go higher in fact, it went up to 1.4690 and is currently sitting at 1.4641. I should have kept it at the 100 pip limit order when I took profits at 1.4500!
I have just gone long USD/CAD at 0.9937 with a 100 pip stop and target, I'll see if I can hold this. The reasoning for the trade starts off by looking at the daily chart.
If you look at the stochastics, you can see that it h
January 2, 2008
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I've closed my EURCAD long as it hit resistance of 145000... I wasn't sure what would happen from here.
I got around 50 pips which is a nice profit nonetheless.
The market could easily go higher now and reach my intended 100 pip target...
I am not sure why my broker had put the price to above 100 pips when the market was closed. Nevermind though..
One of my biggest trading nuances is that I can't seem to hold onto winning trades.. I hope this will improve in 2008!!
January 2, 2008
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