Posts Tagged daytrading
This is going back a while now but a trade that I had put on the 5th August - those following my Twitter feed would have seen this.
I went long AUDUSD after seeing a pinbar as you can see from the pic below.. the next day it went up and the following day, you can see that there was some retracement. In the Daily chart, it looks fine but if you actually saw what happened that day, you would have gotten spooked which is what happened to me. I saw that I was 70 points up at one stage and then
August 14, 2013
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A good trading week last week. Sometimes just a couple of trades can do it and last week we had two relatively straightforward trades.
Firstly, on the USDJPY forex pair, the trend has been up and there was a clear pinbar. We went long on that bar and the following day, the market went up. As it was Friday and I wasn't keen on holding my position over the weekend, I took profits for 80 pips.
My Gold trade was actually done a few days before - on Tuesday, shorted at 1242 with a stop at 1
July 8, 2013
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Well I took 50 points off the DOW today. I think it has much further to go and it already has moved 30 points beyond where I took profits but hey ho! There was some support at 14900 and you tend to get some support at these numbers so I figure it would be good to take some profit.
Looking at this daily chart though, it does look like it has further to go down.
Still, I also put on a binary bet that the DOW would go down today. Unless the market can get above 14975, I should have a nice
July 2, 2013
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