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
Read Full StorySo 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
Read Full StoryI 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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Last night, I had put on an order to buy Crude Oil at 88.50. There was a nice bullish pinbar and I thought that we would see a retracement before a further move up since the bar was already so bullish (strong moves usually mean a pullback somewhere before further moves). The price action was strong and it didn't retrace at all and moved a further 200 points up. Unfortunately for me, it meant that my buy order wasn't trigger and I missed the action.
Today we got stopped out on our Euro trade.. if you look at the chart yesterday evening, you can see that there was a bullish bar.. it wasn't quite a pin but you can see that there was buying where the price had hit the 20 day MA line. At that time, it looked like a good place to go long and so I did! However, as you can see with today's price action, the market pretty much went into freefall and invalidated our entry and stopped out our trade. We lost 60 pips!
Today, we saw massive moves on the Yen pairs. USDJPY had gone up around 250 pips and the GBPJPY around 600!! On the 2nd of April, I had put on a long for the USDJPY pair after it had bounce off support. I saw that the longer term trend was up but the market was going through a retracement.. I thought that this was an opportunity to go long so I did. I set my stop at 100 pips which was below the previous low and a target of 100 pips also for a 1:1 risk reward trade. As you can see from the
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