Archive for the Trading Category
![The Fake DOW triple top]()
Wow, the DOW really made a significant move today... it shot up and by the time I got home, I had missed all the action.
However, the market had consolidated around the 10350 level. The market had made such a tremendous move that I couldn't see it moving much higher. Hence my short, I saw a triple top form around 10350 in the 5 minute charts and sold at 10340 with a 20 point stop. However, it proved to be a fake and stopped me out.. it just broke and made a high for the day and then moved bac
July 22, 2010
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![Thinking too much and trading]()
Today, I'm sad to say that I didn't listen to my instinct when it came to trading. I was being too clever and thinking about what the market was doing.
Look at the chart below. The market had hit the pivot point the first time and retraced. It then moved upwards and this was the time where I got back home and look at the market... it had retraced off the pivot and some strong movement up again towards it. I was a littl reluctant to put on the long as the pivot point was so close again when I
July 20, 2010
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![Check out the last few days of daytrading results!]()
Hi all,
I've not been as diligent lately updating the blog with my entries and exits and posting my results. However, rest assured I'm still trading... much more so in fact. I am running a few trading strategies all at once on different markets and it's been working out very nicely so far.
On the GBPUSD I've managed to grab around 300 pips. The USDJPY, I've grabbed 50 pips and then some points on the DOW jones.
My profit table is looking very nice for the last few days... if only it's a
July 19, 2010
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