Posts Tagged daytrading
So after contemplating whether to put on the trade last night, I entered at 9652. The market has moved higher but not with any particular strength as yet. I'm currently around 70 points up at this stage but am looking for a 200 point gain with this trade with my target at 9852. Another target could be also just below 10000.. I've got to see how price action goes for now...
The highest for the day was 9769 which would have been a 117 point gain if one managed to take profit at this level....
May 10, 2012
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This was a straightforward trade. I entered long as I saw the price action move strongly up to hit resistance as in the chart. I entered long at 3095 and attempted to ride it as high as it would go. You can see that the price action starts to lose momentum at around 1700 hours (UK time) and a final push up which then falls below the previous high which is a sign of weakness. I got out there at 3125 which gave me a total of 30 pips!
April 26, 2012
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I've had a lot of stuff on lately and not been able to commit myself to the markets as much as I would have liked. However, I did have some time today and was able to take a simple bounce off the Daily Pivot on the Euro (EURUSD) currency pair.
My target was yesterdays high at 13117 and I actually got out at 13115. A simple trade which got me 20 pips!
April 25, 2012
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