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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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I got a good entry into Crude Oil last week. I was long pretty much at the bottom of the green candle after the large move down. I had my stop at below the large red candle at 9230.
During the day, the price action rallied and I was 60+ points up and the trade was looking good. However, the following morning the price action fell and hit my stop and then bounced strongly upwards.
This is really unlucky and I think the entry was a good one. However, these things happen when trading an
March 24, 2013
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A thought came to my mind with regards to the GBPJPY trade as per my previous post. I had entered the trade taking signals off the Daily chart and I had actually got freaked out by the price movements of it in the lower timeframes. In effect, I mixed the timeframes within the opening and closing of the trade. When you’re trading, if you’re taking signals of a particular timeframe, it is important to keep it consistent. Each particular timeframe has it’s own patterns.. in the smaller time
March 21, 2013
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The GBPJPY trade. I went long GBPJPY the other day and initially, we got a great move.. up 50 pips. I expected the movement to go up much more and 50 pips is a relatively small move in the GBPJPY market. In the afternoon, the price action stalled and fell and then bounced. I felt that the price action wasn’t clean and as a result I closed off the trade with an approx 50 pip loss as I anticipated uncertainty.
This morning, there were further falls and I felt great that I had got out of t
March 20, 2013
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