Posts Tagged daytrading
This wasn't my kinda trading today.. I don't seem to be doing well again all of a sudden...
I kept on seeing a top and trying to time it for a ride down. However, I was wrong 3 times. I should have been a bit more careful as the 15 min stochastic was clearly showing a long. Even when we got the cross towards the upside, I went short.
I felt like it was back to the drawing board, I wasn't disciplined at all.
The market then shot up like a bullet.. I have no idea why but I wish I was lon
February 25, 2008
2 Comments Full Story
I'm sure that how the saying goes.
My first trade of the day was a trade against the trend which resulted in a loss of 12 prices... drats, it wasn't a good trade. I seem to like to play the countertrend trades.. not the smartest thing to do.
I made 5 trades in total today, I won't go into the specifics as nothing really happened. The big pictures is that the trend is down and you should be looking to short any rally.
I did short the rally when the market hit 135250 at 19:30 GMT and it w
February 21, 2008
No Comments Full Story
At 19.00 GMT, the FOMC made it's announcement.. I had no idea what they announced but the market didn't really do that much. I entered short when the market went below a previous support level at 135000.. unfortunately, it soon bounced back up and I had to nurse a 16 price loss! Ouch!
My trade wasn't a bad one, I had traded on break of the channel. Luck wasn't on my side this time.... as I write, the market has broken up above the upper trend channel. If I had bought this, I could have gr
February 20, 2008
No Comments Full Story
« Older Entries
Newer Entries »
