Posts Tagged futures
I came in after work today to find that the market had jumped over 100 points to 13140. I was thinking at this stage that the market had run out of steam.. the peak at 13140 showed negative divergence in both stochastics and MACD charts in the 5 minutes. I waited for a break below 13100 for a short.
Anyway, I got in at 13100 and rode it 20 points before closing out at 13080. The stochastics in the 1 min were oversold and I was thinking that they could go up anytime soon. However, 5 mins a
May 19, 2008
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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
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I'm back on my spreadbetting account trading the Dow Jones.
My first trade was a decent short I felt as the stochastics were overbought and the MACD was showing negative divergence... it's gotta be heading downwards. Indeed, it did head lower but only 10 points so before it headed higher and hit my stop. I was very paid for this traded and let it ride hoping that the resistance level around 12830 would contain it.. unfortunately, it didn't and I got stopped out for -14.
As it broke above t
May 13, 2008
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