I got in the perfect entry today after seeing the market was trending down and I got in at 8382.. I got out far too early though at 8355 so grabbed only 27 points.. the market fell as far as 8285 which was a further 70 points.. I am finding it difficult to hold onto profits and 27 points is so measly compared with what it could have been!
The USDCAD currency pair moved significantly lower today but it bounced off 12245. I saw that the forex pair was oversold and went in on the swing high after the initial pullback after the bounce off 12245. I got in at 12335 with a 50 pip stop.. I had no target this time round as I expected this to be a bounce before a possible retest of the support line (12245). The market went as high at 12420 but I got out at 12405 as the market formed a spike down.. I got my 70 pips!!
The more I look at the stock market, the more I realise that trading is a game of probabilities.. you are never sure what the market will do, you can only make an educated guess as to what may happen and then hope that the market goes your way. If you've an edge, then you have a chance of making it as a successful trader. Anyway, my trade today was a long at 96.37 as I saw the price action bounce off the bottom of the range which I identified... the market had hit the bottom line 3 times an
