Posts Tagged daytrade

DDFX Trading System – 15th to 19th August – First Losing Week

DDFX Trading System - 15th to 19th August - First Losing Week

So finally we have a losing week on the DDFX trading system, we've had a spectacular run so I do hope this this is a one off and not the start of a spiral trend which seems to be what happens to a lot of trading systems. The GBPUSD long at the beginning of the week was a nice trade… a winner and what I expected (probably getting a bit too confident here).. A mere 31 pips which isn’t huge compared with the trades I’ve been getting with the system previously but nonetheless, a good start.

August 25, 2011 No Comments Full Story

Shorting US Crude Oil – Stopped out!

Shorting US Crude Oil - Stopped out!

With the stock markets looking weak, Oil is said to follow. I had entered a short on a previous day low and also under the round number at 9100. My order was 9090 and it got hit. However, soon after this the market went up and it wasn't even certain as to whether this trade would go the right way. With breakout trades, I should have perhaps saw that this wasn't going anywhere and closed out before my stop was hit. However, the market moved 20 points above my stop before it did stop and reversed

August 4, 2011 No Comments Full Story

DOW falls heavily – are we now looking at the start of a huge move down?

DOW falls heavily - are we now looking at the start of a huge move down?

The below is the daily chart of the DOW and that it had made a double top formation a few days back. Following this, the market started going lower and yesterday I was looking for a break at the previous low as indicated. This happened and I had a short at 12460 The market fell and was looking to fall soon but after a major break, I was expected a retracement to happen far later than it did and I ended closing on the retracement for 40 points only for the market to fall further in the US

July 28, 2011 No Comments Full Story

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