Posts Tagged part time trading

Conflicting signals

Conflicting signals

I came back today usual time! The market was a down day, so the idea is to sell at the pullbacks. When the market had bounced off 135175 at around 6pm GMT, the market went high and made a doji candlestick pattern. The doji candlestick could signify a reversal and it could have potentially been a good idea to short it. However, I didn't as the stochastics were moving upwards in the 5 mins. The 15 mins were showing the chart in oversold territory which made me cautious about trading it. Therefo

February 14, 2008 No Comments Full Story

Hoorah! Second successive winning session in my live trading

Hoorah! Second successive winning session in my live trading

I missed a lot of the action yesterday but back to it again today. I got home as normal and watched the market make a double top at 136675. I entered manually as I wasn't sure if the market will get higher. When I thought it wasn't going any higher, I hit the button to short. I got in at 136550. The stochastics in the 5 and 15 mins were both in overbought territory which gave me confidence in the trade. My initial target was 136225 which was just above a previous swing high made at 17:10 GMT

February 13, 2008 No Comments Full Story

Missed entries – a potential winning day!

Missed entries - a potential winning day!

I came home a little later than usual today, it was a trip to buy the other half something for Valentines day. I got home at about 19:30 GMT.. by this time, I had missed a move at about 19:00 when the market made a double stop near 136000. A short sould have been very nice! As you can see, the stochastics in the 5 min also corresponded to an overbought situation and negative divergence between the price action and the stochastics indicator. I had an order to go long at 135050 which was the

February 12, 2008 No Comments Full Story

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