I made one trade today, long 141225 when the 4 min stoch and MACD were looking like they were heading up. The 15 min stoch also was heading up… I was cautious as the MACD was still in a sell state. I bought in and the market moved quickly upwards, it reached my 10 prices and I moved stop to breakeven. However, soon after this market fell and stop got hit. I ended up with no loss or win…
Our trading mentor informed us not to trade until his say so after Bernanke said his thing. Bernanke took over from Alan Greenspan and is currently the Chairman of the US Federal Reserve... when he has something to say, the markets can move and when I came home, I saw that the market had shot up and generally looked rather choppy. I wasn't sure I'd be able to find an opportunity today but I did. I shorted the market as it reached the previous high of the day at around 142900. I got in at 1428
Thanks to Rich at the Forex Project for this.. The January 2008 edition of Currency Trader magazine is out and you can download it for FREE from here: www.currencytradermag.com You can also get the previous issue. Brilliant!!
