Posts Tagged daytrade

This is where I shorted the FTSE

This is where I shorted the FTSE

This was the chart of the FTSE a few days back when I went short... I was seeing some tails on the candlesticks and the market was overbought and looking ripe for a short. Where I went short was a slightly bearish bar despite there being a bullish tail showing buyers. To be honest, I remember feeling a bit overconfident with the trade was I'd been doing so well over the past couple of weeks... The following day was when I felt that I was correct in my analysis as we were rewarded by a bea

November 29, 2012 No Comments Full Story

Silver Trade – Good time to get out I think

Silver Trade - Good time to get out I think

I entered long silver last night. From the chart, it looked like the price action was retracing before a further move upwards. Something which has been bothering me lately are my exits so I think I am going to open two trades and close one when my usual signals tell me to and then try and hold the other trade for bigger gains. So I was long silver twice at 3243 with a stop at 3194. When I woke up in the morning, the price had bottomed at 3220 and I thought it would then move up. It starte

November 13, 2012 1 Comment Full Story

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

So it was an Obama victory and the Dow Jones fell over 300 points!! It was spectacular fall and a mass of profits to be made for those short. I actually had the perfect entry on this trade. I was short from 13230, near the close of yesterday candle. The market was in a downtrend on the Daily chart and you can see that the price had reject the 13300 level 3 times already and formed a resistance level. The thing about trading technical signals is that I don't really care about what's happeni

November 7, 2012 1 Comment Full Story

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