Posts Tagged daytrading
I saw a nice descending triangle form on the 5 min SP charts today as you can see... I have drawn in the descending triangle on the chart and the baseline. I shorted at the top of the triangle but as it had already made almost a triple bottom, I was expecting it to fall through netting big bucks! However, the fourth time it reach the baseline, it didn't fall through but bounced up stronger and through the triangle, taking out my stop. I feel frustrated that it didn't work out.. I was a nice +2 p
June 11, 2008
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The weekend gone I attended Simon Grinter's Forex seminar. For those who check in on the website you'll find that I've been thinking about attending Simon's seminar for a while. I've been following Simon's work for a long time now when he started trading the Dax and now Forex. He had a blog where he would post his trades and he was always doing very well. His current Forex blog shows results of his trading sessions and there seems to be a lot of profit being made:
http://www.s3scores.blogspot
June 10, 2008
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Following on from the previous post, there was a breakdown of the downward pattern and I went long at 1357. The stochastics were looking good in both the 1 and 5 mins so I went for it.
However, I took profit at 1359 as the stochastics were looking to cross as you can see in the chart.. the market may well go higher as the stochastics have more to go in the 5 mins but I don't want to risk it!
I got +2 points which isn't a bad result!
June 10, 2008
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