Archive for the Spreadbetting Category
I worked the whole weekend and today, I was exhausted coming back from work. I didn't really feel like trading but I have got used to making some consistent profits over the past couple of weeks. I have had a good winning streak and my account is again, sitting at all time highs. My account is 50% higher than it's opening and I hope that I can keep it this way.
Today's trade was a short of the USDCAD. The market had enjoyed a tremendous run up to the point of exhaustion when it promptly fell
December 8, 2008
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I shorted the GBPJPY at my entry point as I thought it was heading lower as it broke below 13660 and I promptly pressed the sell button at this level. My stop was 13695 and as soon as my trade went through, the market went up... I knew that it had to clear the upper resistance but it kept bouncing up at this level which made me feel that I may have been wrong with my trade.. however, I kept a close eye at the level and then, it suddenly plummetted! However, I wasn't sure how far this would fall
December 4, 2008
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If you look at the 1 min chart of the Dow Jones below.. you can see that the market in the yellow box wasn't doing too much.. however, I was trading in this region, selling and buying when I should have been doing anything. I saw that the market had dropped and I was expecting to see a bounce back up to around 8500 at least... however, the adage is 'trade what you see, not what you think' and I failed miserably.. in total, I made two trades in this region, both lost to the accumulative amount
December 1, 2008
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