Posts Tagged position trading
I missed a hell of a lot of the action today.. the market had already fallen loads and there were just a mere few scraps to be traded with.
Today was a short day so I was looking for a chance to short the S&P and the opportunity came when the market bounced off the Fibonacci level in the 5 minutes. This also coincided with the stochastics cross and I went short. I didn't get the best price and also with the spreadbetting spreads my price wasn't great. However, I rode it down to around 138
June 2, 2008
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Remember the trade I put on at the end of last week, a short of the EURCHF where I took 40 points? For those that missed it, it is here http://www.makemesomemoney.co.uk/2008/05/30/another-eurchf-trade/
Well, I looked at it today to see what it could have been and this is what the chart looks like:
Blimey, I missed out on some serious number of pips... about 150 or so!!!
June 2, 2008
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This morning there was another trade I put on... this was a long at 1.2183 with AUDNZD with a top loss at 1.2120 and a price target of 1.2270 with the Forex Smart entry system (a stochastics crossover 12,12,5 and colour change moving average line). He recommends the EURCHF only however but this matched up quite nicely.
The market moved nicely in my direction and I have already closed out at 1.2224. I need to keep to the system as I'll never make it as a successful trader if I keep closing ea
May 28, 2008
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