Posts Tagged ftse100
It was another good day on the markets.. it's funny how you get periods when your systems don't seem to work at all and then when they work, everything works nicely. A big part of that is because the markets are always changing... the go from trending to non-trading, from trending up to trending down. Most systems work for a particular type of market... it's difficult to find a system which works across all of the markets volatile personalities.
Anyway, I had two trades on the GBPUSD today...
May 6, 2011
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The pivots today were all very significant in trading today.. if you look at the blue pivot line in the charts below for all trade instruments (GBPUSD, EURUSD and FTSE), you can see how the price action reacted to the pivot line.
With the GBPUSD chart you can see how the market bouced off the pivot line at around 8am... shortly after this I went long which wasn't a good trade as I ended up with -20 as the market went down. However, on hitting the pivot again, you could see that it provided no
May 5, 2011
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Lately I've been doing a lot of experimentation on different trading systems and timeframes. I particularly like a hands off approach giving me time to enjoy life.
I'm particularly fond of set-and-forget systems and one which was performing rather well is the Forex Morning Trade - click here if you want to have a look at it
Anyway, I'm also looking at swing trade FTSE100 companies using just a 6 day and 21 day moving average cross. I've done some backtesting and although it is very sim
April 9, 2011
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