Archive for the Emini futures Category
Hi All,
Today is Bank Holiday Monday in the UK and in my previous post, I mentioned that I don't like to trade the market during these times. Best to wait for the traders to come back with some volume to start again.
Well, that's certainly for the markets which are directly affected by the UK bank holiday. In other places, it isn't a public holiday so I looked at the charts, in particular, for something which should be affected directly by the UK holiday.
I saw a pattern in the Forex ma
March 24, 2008
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Yesterday we saw a tremendous rally on the US front after the Fed cut interest rates 0.75 basis points.
Today, I got home a tad late due to delays with the London Underground system and also due to the time differences, the US market closes at 8pm GMT meaning that I have a hour less trading time.
Trading part time is extremely difficult. Coming home from a full days work to turning on the computer again and staring at the charts. It's work once again but I do love it. Yes, I get extremely
March 19, 2008
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Today was Fed day and I had come home after the announcement. I'm always a little wary of what the Fed does to the market but I entered long at 131000 after stochastics had turned upwards with a target of 132000. This hit target in a matter of minutes for 40 prices!! Hoorah! I kept on thinking to take profit at 10 points and would obviously be kicking myself if I had.
The market has since gone up further, another 40+ prices and still moving..
So, 40 prices taken.. I managed to keep contro
March 18, 2008
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