Posts Tagged daytrading
Friday was coming up to the Bank Holiday weekend. A lot of traders will pack up early and go on a nice long weekend break. Usually volumes are low but I thought I'd put on the usual trades today....
It was not a good day however, you can see that the long trade was initiated at 14568 and it peaked at that point at 14592 (24 pips) before falling and hitting my stop. The short trade was at 14521 and went to 14491 (exactly 30 pips but including my spread, my stop wasn't hit) and went up.
I ha
May 28, 2010
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Quite a standard day today.. the market just went one day... down!!
The trade lines were at 14375 and 14327 and the short was triggered about 730 GMT. It didn't take long for the profits to be bagged.. the low point was 14258 so more points could have been captured.
May 25, 2010
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I still haven't updated the charts from last week so I'll need to do that still... however, I was excited about trading since the testing has shown the systems seems to be profitable over the long term. You can never be 100% sure of any trade so long as you win more than you lose.
Anyway, I have decided that it looks more profitable to put in an order for either direction. I am not doing the OCO (One Cancels Other) trade anymore.. I will buy if the market goes above the upper line and sell if
May 24, 2010
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