Posts Tagged live account

The trend is your friend until you reach the U-bend!

The trend is your friend until you reach the U-bend!

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

Yawn!! Nothing happening in the markets today!

Yawn!! Nothing happening in the markets today!

It's pretty dead today... if you look at the chart, there's not much happening.  It's probably because the last couple of weeks we've had a lot of news driven events but today.. nought! Then there's the Superbowl which happened last night and the traders are probably nursing their  hangovers. In periods like this, best steer clear and wait for an opportunity. On a more positive note, I spoke with my trading mentor and he's been happy with my simulator trades. I should be going live again..

February 4, 2008 No Comments Full Story

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