Posts Tagged daytrade
I had spotted that the Dow Jones had made a double top and I shorted it as it retraced and headed downwards at 12720. At this time I was thinking that this could be a nice longer term trade as I anticipated seeing the Dow decline over the coming weeks and possibly months.
I knew that there was support at the 12650 level and if it were a daytrade, this would have been a good place to take profits and take 70 points.. not a bad days work. However, when it bounced, and started to eat into my pro
July 22, 2011
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One of the reasons why I post my entries and exits is because it doubles up as my trading log of what I'm doing. I can learn from my mistakes (hopefully) and this should in the long term make me a better trader.
Today I got some good entries but I didn't follow my gameplan which would have left me still in the trades. This was for both the below trades GBPUSD and GBPJPY.
I had entered both short. The GBPUSD I entered on Friday morning and I didn't feel completely confortable with it as Fri
July 18, 2011
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As per my previous post, I mentioned that I've been playing around with Bet On Markets and have now made my tenth trade and it was another winner.. that's 10 out of 10 winning trades.
The great thing about Bet On Markets and generally this type of betting is that you can choose the risk that you take. All my trades are low risk trades, risking little but with a high probability. This means that my returns on each stake aren't great but at least they are consistent. This generally is good for
June 25, 2011
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