Posts Tagged daytrading
The markets had fallen hard the last couple of days and I thought that they would have fallen a lot more but yesterday, the markets found some support. This pattern was seen across the DOW, FTSE and other currency pairs. I knew that a lot of people were expecting the markets to tank completely but having a whole day where it consolidated presented an opportunity in my opinion. The markets would either rally or drop like a stone and I expected whatever happened the market would have moved str
March 8, 2012
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From my posts, I realise that I don't post a consistent trading system... what I mean is that I'm not posting the same sort of trades each day. There are times when I am trading the shorter timeframe charts and other times, the longer timeframe charts. People say that it's important that one finds a trading methodology that suits your personality and I agree there but you also need to find the trading methodology that suits your circumstances and mine change day to day.
The shorter timefr
March 8, 2012
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I took a nice Gold trade today. You can see that Gold in the medium term seemed to be heading lower and the retracement found strong resistance around the 1711 level causing a pin bar sell off.
I placed an order to sell on the break of the pin bar targeting previous lows around 1696 which is 5 points.
This trade hit nicely and all within around 20 minutes!
March 5, 2012
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