Posts Tagged dowjones

Bagged some profits trading the Dow Jones..

Bagged some profits trading the Dow Jones..

I entered this trade after seeing downtrend pattern in the 5 min charts looking to turn. The stochastics were also oversold and looking to head upwards. In the 1 minute chart, the 20 minute moving average line (which was functioning as resistance) became support and I traded off a bounce and got in at 11244. The market soon shot up and bounced off 11300 and I closed out at 11286 for +42. The market has since reached 11360 which is another 74 points which I missed out on! I bagged my pro

July 8, 2008 No Comments Full Story

All the trading rules broken!!

All the trading rules broken!!

I haven't been trading enough this week so I was eager to get stuck in today. My first trade was a short at 12922... the market had already come off a 50% Fib level and I was thinking that it had further to go. I had missed the move as it fell (as I had only got in at 6.30pm GMT)..  I quickly opened the short but didn't check to see that the stochastics had almost reached the oversold level. This was frustrating as I sold right at the bottom. The market went up and hit my stop for -18!! A

May 16, 2008 1 Comment Full Story

FOMC – Pants! S&P Emini trading

FOMC - Pants! S&P Emini trading

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

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