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I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here's what it said
Here are several potential trading trigger ideas that could capitalize on momentum and market psychology:
Failed Double Top/Bottom Pattern
When a second peak/trough fails to r
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So I've been using the Dow Strike trading robot now for a couple of months and here are the results! 37 days of trading, 34 profitable and 3 losing.. made a total of $12,821.58 on a $100k account.. that's a 12.8% return in 2 months! It's particularly active from the US open and can open up 20-50 tr
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I have an associate, some guy I met online who I talk to about trading... he's an interesting character and one of the best traders that I've ever known. I'd like to say he's a friend as we do share a bit of information about each other besides our interest in trading but I've not met him in person
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Over the last few weeks and months, Gold and Silver have fallen heavily.. over 20%.
Considering that since 2009, Gold has gone from around $700 to $1800 in mid 2012, a correction of some sort was expected. In 2012, Gold actually didn't do too much.. it oscillated between $1600 and $1800 and earlier this year, it finally broke down below the $1600 support level and hit a bottom at around $1200.
Over the past couple of weeks however, we may have seen the end of Gold's decline. In fact,
July 21, 2013
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I shorted Oil (WTI Crude) last week and unfortunately the trade went against me and I lost 200 points. Unfortunately, in trading this happens but over the long term I expect that I will win more trades that I lose so it doesn't bother me too much. Anyway, here's the reasoning behind the trade.
If you look at the weekly trade, you would see that the 10600 level actually was a strong support and resistance line in the past.
Where I have green arrows you can see how the price had reacted
July 21, 2013
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A good trading week last week. Sometimes just a couple of trades can do it and last week we had two relatively straightforward trades.
Firstly, on the USDJPY forex pair, the trend has been up and there was a clear pinbar. We went long on that bar and the following day, the market went up. As it was Friday and I wasn't keen on holding my position over the weekend, I took profits for 80 pips.
My Gold trade was actually done a few days before - on Tuesday, shorted at 1242 with a stop at 1
July 8, 2013
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