Posts Tagged daytrade
Following on from the previous post, there was a breakdown of the downward pattern and I went long at 1357. The stochastics were looking good in both the 1 and 5 mins so I went for it.
However, I took profit at 1359 as the stochastics were looking to cross as you can see in the chart.. the market may well go higher as the stochastics have more to go in the 5 mins but I don't want to risk it!
I got +2 points which isn't a bad result!
June 10, 2008
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The USDCHF trade I put on a few days back woke up and shot up this morning. I left my 50 pip trailing loss and it gradually ticked up... if you look at the graph, you'll see that I got out early once again (most frustrating!) but this time I stuck with my plan and didn't touch it. The market touched 10400 but when you're spreadbetting the spread can work against you. My stop first got to 10251 and then 10352 when the market was at 10400 or so and then came crashing back to hit my stop before mo
June 10, 2008
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For those who follow the blog, you've noticed that the past few weeks I've not put on too many S&P trades. The reason being is that it is too easy to lose on the S&P (well, that's what I find but that could be because I'm not too hot a trader)... anyway, I have been watching every day as usual but just been really careful and I am trying to only enter if I see an entry based on price action.
In the past, I have been putting on trades when I am anticipating a move as the stochastics
June 9, 2008
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