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DOW trade stopped and then fell.. would have hit my target!

DOW trade stopped and then fell.. would have hit my target!

This was most annoying. I had sold the DOW last night as you know with a 50 point stop and target. The price moved up and took out my stop before it plumetted.. it would have hit my target as you can see nicely. It's always difficult to know where to put your stop.. it can always be either too tight or too far away.. you just have to stick to your plan. In fact, I think in the coming days we may see lower prices.. all markets seem primed to move lower but they will do what they need to do

September 25, 2012 No Comments Full Story

DOW looking ripe for selling?

DOW looking ripe for selling?

The DOW looks like it's reached a top, a triple top in fact... in the 4 hour chart below, you can see clear resistance where the market has bounced off this showing a pin bar. Looks like there are strong sellers here in the market and a potential place to go short. I have put on a sell at 13560, looking to take this 50 points down to 13510 (which is just above the support level you can see). 50 point stop also. This is a risk of 1% on my account.

September 24, 2012 No Comments Full Story

AUDUSD trade stops me out but still could go up!

AUDUSD trade stops me out but still could go up!

I was reading an article the other day which said that the markets these days are harder than they use to be to make a profit..  10 - 20 years ago, you could just buy/sell and hang on.. the markets would generally trickle one direction. In this day and age, the market volatility is extremely high and it's not easy to enter the markets and make money. I don't know how true this is but certainly, the markets know exactly where to hit you and take you out. I have always thought that a stop shou

September 20, 2012 No Comments Full Story

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