Posts Tagged daytrade
A trade that I still have open is the one below. I had went long at 14438 earlier today on the EURUSD and saw that it had failed to go above 14500 and it did make me think if I should close the trade for a healthy 55 pip profit. However, for this trade, I was looking at the 4 hour and the Daily Charts to gauge an entry and they are still telling me that the market is still in an uptrend... I sure hope so. As you can see from the below chart taken at 22:10 UK time, the price action has fallen all
June 14, 2011
No Comments Full Story
Well, it had to happen I suppose... I don't know anyone who goes and has a winning day every day....
I had closed two trades today with a loss.. firstly a short of the USDJPY Forex pair.. it looked as though it was breaking down and I had actually entered short yesterday around 4pm. The market dwindled for a few hours in the early hours of the morning before it started it's rise and hit my stop at 8040 for a 25 point loss.
My next trade was a little bit disappointing on my part.. I h
June 14, 2011
No Comments Full Story
I've been doing a lot of experimentations lately with regards to spreadbetting on the various platforms available and also different forms of strategies mainly in the daytrade arena and here are my thoughts:
Daytrading with tight stops is extremely difficult - tight meaning around 20 pips. With the spread usually around 3 pips either side, so around 6 pips that's already about a third of your stop before the market has moved. Brokers can move the spreads around to hit your stops without
May 23, 2011
No Comments Full Story
« Older Entries
Newer Entries »
