Posts Tagged daytrading
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
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I shorted the FTSE last night seeing the bearish pin bar. I was a little cautious because the trend was still up so I knew that it was a higher risk trade and the market looked like it had lost momentum on the long side. However, I was wrong today as the market rallied and took out my stop..
Oh well, such is life in trading.. upwards and onwards!
November 6, 2012
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The below chart shows what happened to the Euro (or EURUSD) forex pair on Friday.. the price action had plumetted shortly after the pin bar (as highlighted in blue).
I was actually a day late with this trade but the price was pretty much as the same level of the close of the Wednesday bar so I shorted it. My initial target was the previous support level 12885.
You can see that the price hit that yielding me 50 pips but it also continued to fall.. there was another 50 pips in the move.
November 4, 2012
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