Posts Tagged intraday trading

Trading and the Non Farm Payroll Economic News

Trading and the Non Farm Payroll Economic News

Today at 1.30pm GMT time the Non Farm Payroll economic news hits the markets and usually you would expect some volatility in these markets. Big ticket news items like this can completely mess up your trading system so it's best to avoid it. I didn't trade today but if I had done.. I would have lost. Although there was movement it was choppy and was just moving up and down with no clear direction.... (You can see some movement when the new release is announced) There are some people

July 2, 2010 No Comments Full Story

Daytrading the DOW

Daytrading the DOW

I shorted the DOW when it broke the trendline at 9740 or so.. however, it wasn't the perfect entry as the market bounced from this area of support to go north... I had a stop at 9780 which was the previous high but nonetheless, my short wasn't ideal as short trades should be entered on a long countertrend. I had to watch the market go against me 30 points or so before it tanked.. it went past my entry point and I took profits at the round number 9700 for 40 points which wasn't bad. However, t

September 30, 2009 No Comments Full Story

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