Posts Tagged daytrading
The market was looking extremely choppy when I got home.. the only thing I notice was that the market was in a trending channel.. you could have sold at the top of the channel and sold at the bottom of it for profits.
When the channel broke, if you had spotted it, you would have gone long and you would be laughing.. there was a heap of profits to be made. By the time this had happened, I had traded a few times and lost so had reach my limit... no more trading!!
I did trade on my spreadbet
March 4, 2008
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I am still on the simulator.. I've emailed my trading mentor but not a squeak from him as yet! Anyway, I made a few trades today.
The first trade was a long at 132850 which was a short term double bottom. The stochastics in the 5 mins were starting to cross at this stage. I had targetted 133250 which hit the target. However, the price action managed to get just shy of 133400 which was a previous peak. I got +16
Then the price action subsided and started to fall. The stochastics were still
March 3, 2008
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I got today off so I went out for some shopping and then got back around 3pm for some trading. I made a series of trades..
My first trade was a long at 134525 with a target of 134775. The market did go up but didn't hit my target before it started to retrace. I got out with a +2 profit before it tanked. The days movement was down day so in effect, I should have concentrated on short trades only.
Then I went short at 134450 with a limit at 134175. The 5 min stochastics had peaked so it look
February 29, 2008
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