Posts Tagged daytrading
Last night I posted on my Twitter account:
And this morning I was happy to find that the AUDJPY Forex pair did tank and my target was hit for 100 pips. You can see on the chart when I had posted my Tweet and then the subsequent fall a few hours later to net me 100 pips. I had entered this trade a few days before and it was lingering and not doing much for a few days until last night!
* The asterisk is just a note on the title of the post and was in part jest. To be honest wit
June 8, 2011
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I've been doing a lot of experimentations lately with regards to spreadbetting on the various platforms available and also different forms of strategies mainly in the daytrade arena and here are my thoughts:
Daytrading with tight stops is extremely difficult - tight meaning around 20 pips. With the spread usually around 3 pips either side, so around 6 pips that's already about a third of your stop before the market has moved. Brokers can move the spreads around to hit your stops without
May 23, 2011
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It was another good day on the markets.. it's funny how you get periods when your systems don't seem to work at all and then when they work, everything works nicely. A big part of that is because the markets are always changing... the go from trending to non-trading, from trending up to trending down. Most systems work for a particular type of market... it's difficult to find a system which works across all of the markets volatile personalities.
Anyway, I had two trades on the GBPUSD today...
May 6, 2011
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