Archive for the Spreadbetting Category
Another winning trade today...
I saw momentum towards the downside had dwindled and the market looked like it would make some movement upwards. I went long at 14622 with a stop at 14585 and a target of 14660.
Soon after my trade, the market went south and I was beginning to think it could go wrong and move towards the first support area at 14600 and if this failed, the 14575 level. My stop was at 14585 as I didn't want to take the loss or risk below the 14600 line.
My target was 146
April 28, 2009
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I saw an opportunity on the S&P, the price action had found a temporary base at just below 855 and the stochastics and MACD were indicating that a turn maybe on it's way. I am always a bit hesitant when trading the S&P as my stake size has a minimal size. However, when one sees an opportunity, a good trader needs to take it... so, being the best trader that I could be, I went for it and went long at 856 or nearabouts.
My two winning trades on GBPUSD and GBPJPY means that I had profit
April 27, 2009
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I closed my USDJPY long for +3 as I got nervous about it....this turned out to be the correct thing to do! Phew!
Anyway, I noticed that the GBPJPY got stuck in a short term range, 14400 and 14373 so when it got near 14400 I shorted it.. not only was this the top of the range but it was near a whole number.. whole numbers usually form a good support/resistance so I went for it... it didn't look too good a few minutes into my trade and I had my stop at 14420. The spread with the GBPJPY is 10
April 23, 2009
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