Posts Tagged daytrader
I've had an awful couple of days with trading as you know but that's the nature of trading.. I'm happy to say that I've covered those losses already and back on the positive path... :)
First trade was taken last night, this was a buy on silver.. I saw that the price action had bounced nicely off a support line and just went long. I had a target of 29.73 which was hit the following morning for 34 pips. People think that trading should be complex but it doesn't have to be.. just look for patt
December 21, 2011
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![Winning Trades which make no Money]()
This was me today... I put in an order for a buy on the GBPUSD at 16018 or a sell at 15956 with a 20 pip stop and a 40 pip target.
As you can see from the chart, the GBPUSD shoots up and actually goes beyond the 50 pips...
However, I made no money on this trade at all. At first I got really annoyed, an easy 40 pips in the bag and my broker has screwed me over.
I checked my emails and can see that the order was being placed, however, I had forgotten to fund the account properly and t
November 10, 2010
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![Shorted DOW after it's retracement]()
The DOW was clearly in a downtrend today but when I got to the charts, it was retracing and I looked for an entry to go short. I went short around 10610 after the retracement make a double top in the 5 minute charts (also stochastics has peaked). The first support line was at the pivot point S2 but nothing happened and the market broke through this relatively easily. I was also conscious that stochastics were at a low too and would look to making some move upwards so when the market hit 10585, I
August 10, 2010
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