Posts Tagged daytrading
As I mentioned yesterday, a move below 130000 would be huge with a target of 126300 or so. Anyway, I was a bit delayed getting home today and missed all the action... well, almost!
The market initially dipped below 130000 and bounced right back up.. if you caught the short this time, you could have rode the market all the way from this level to 128225.. that is staggering 72 prices!!
Anyway, I missed all of that. I entered long when I saw that the market was turning and moved above the MA
March 7, 2008
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Yep, no trading today.. I went out for dinner this evening and took a break from it. I've come back to see what happened today. From the charts, it was a slow and gradual drift downwards. The next area of support is 130000 and if it breaks this, we could see a very quick fall to 125000 or so.
March 6, 2008
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I was thinking of how I could filter my trade choices so that I can eliminate the crappy ones and only get in when I should be and not for the sake of it.
Anyway, as you know, I like to enter reading stochastics and anticipating when they turn. I've not used the 1 min stochastics enough though and the price action does respond at the tops and bottoms. The plan was to see what the 5 min stochastics was doing and then time an entry in the 1 minute.
For example, my first trade, you can see th
March 5, 2008
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