Correction – 9 wins in a row
Just a quick note.. I am on 9 daytrading wins in a row, not 10 as per my recent postings...
Posts Tagged day trading
Forex trading update – 23rd April
I closed my USDJPY long for +3 as I got nervous about it....this turned out to be the correct thing to do! Phew! Anyway, I noticed that the GBPJPY got stuck in a short term range, 14400 and 14373 so when it got near 14400 I shorted it.. not only was this the top of the range but it was near a whole number.. whole numbers usually form a good support/resistance so I went for it... it didn't look too good a few minutes into my trade and I had my stop at 14420. The spread with the GBPJPY is 10
S&P day trade today
I've not traded the S&P for ages now... however, I thought I would have a look and I got my entry... In the past, I would have been tempted to short as the market was looking to top.. however, the trend is your trend as the old trading adage goes and the market was merely consolidating. I entered near the top of the previous move upwards (not a particularly good entry) at 843 and I had my stop at 839. The price action came incredibly close to my stop (within 1 point) before it headed u
