Archive for the Trading Category
![DOW scalp trade for a few points]()
I thought I'd have another go at the DOW today since my forex trading yielded a -20 result. I needed to find a way to top up my account!
The Dow was moving lower and you can see the resistance line I drew in. The market was bouncing to this line before heading lower. However, at the blue arrow, the market broke the resistance line and I was looking at a possible long entry at 10532. Luckily for me this did happen as the market tanked. I wasn't flexible enough to short at this stage here so I
June 21, 2010
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![Nice day for the 4-to-7 trading system.. not so nice for me]()
The chart is show above.. the upper and lower lines are at 14937 and the lower line 14844. This looks like simple short for profits.
It was.. however, for me, I didn't wait until 7am finished and my first trade was a long at 14927 which obviously ended in a loss!
The loss was 50 pips and my gain on the short was 30 pips.. totalling -20 for the day!
June 21, 2010
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![Get your 80 Forex lessons for FREE here!]()
A friend of mine sent me this, I hope it's not copyright but if it is, please let me know so that I can remove it. It is a file with 80 lessons in Forex trading.
There are a bunch of really useful lessons especially for someone new to the Forex markets. A good trader always keeps his mind open so even for the seasoned trader, there maybe something useful for you.
Click the link below to download:
http://depositfiles.com/files/d7lvxrog4
(Sorry there is an annoying timer until you
June 17, 2010
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