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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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My order at the end of last week missed it's entry by a mere 10 pips which is rather annoying. I was correct about there being strong support at the 15480 level except that the buyers came in earlier at 15490 and pushed prices up to 15660 which is +170 pips! It would have been a very nice start back into trading if it had trigger but it's given me confidence that my analysis is still good and I can still see good trades.
If I had an entry, I would have moved my stop to breakeven and see
August 5, 2012
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The markets have really taken a bashing yesterday.. lots of volatility and not easy to play.. you could have easily been caught out on the sharp reversals which were seen this morning.
Anyway, a forex pair which looks interesting is the GBPUSD or cable forex pair. The price action has fallen from the previous area of resistance and looks to be close to support. I've got an order to buy at 15480 with a stop at 15435 (45 pips maximum loss) and a target at 15680 (200 points profit).
Let's s
August 2, 2012
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It seems as though it's been a long time since I last trade and indeed it has... I've been extremely busy with moving homes and running various projects. The great thing about the markets is that they are not going anywhere... they are always here and I can always trade. However, a bit like exercise.. if you don't keep it up, you get unfit! However, if you have put in a lot of time into trading, the rot isn't so bad so you should be able to get back into it.
As an experiment, I'm rather int
July 31, 2012
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