Posts Tagged daytrader

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

DOW trade stopped and then fell.. would have hit my target!

DOW trade stopped and then fell.. would have hit my target!

This was most annoying. I had sold the DOW last night as you know with a 50 point stop and target. The price moved up and took out my stop before it plumetted.. it would have hit my target as you can see nicely. It's always difficult to know where to put your stop.. it can always be either too tight or too far away.. you just have to stick to your plan. In fact, I think in the coming days we may see lower prices.. all markets seem primed to move lower but they will do what they need to do

September 25, 2012 No Comments Full Story

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