Archive for the Trading Category
Unfortunately, I had two losing trades this week... firstly the USDCAD long
I had gone long this pair as it looked as though the downwards momentum had stopped.. I could see some support here. When I got a bullish signal, I entered long. However, this was very short term as the trend was still short and my stop got hit.
My next trade was the DOW short:
I got a bearish daily pin bar and the market had recently breached higher yet fell.. a bearish signed. I went short.. unfortun
December 9, 2012
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This was the chart of the FTSE a few days back when I went short... I was seeing some tails on the candlesticks and the market was overbought and looking ripe for a short. Where I went short was a slightly bearish bar despite there being a bullish tail showing buyers. To be honest, I remember feeling a bit overconfident with the trade was I'd been doing so well over the past couple of weeks...
The following day was when I felt that I was correct in my analysis as we were rewarded by a bea
November 29, 2012
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I'm making some changes on the blog... I'll post live updates on my Twitter feed, for those who would like to follow, the address is http://www.twitter.com/makemoneyalan and then I'll post afterthoughts on the blog to talk about why I entered the trade and analysis.
So for those that did follow my Twitter account, you would have read that I went long on the Crude Oil (January) contract at a price of 8769 on the 21st November, taking my entry from the Daily chart which looks like this:
November 24, 2012
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