I'm doing my usual analysis of the markets taking signals and trades of the Daily timeframes. The one that looks interesting today is the DOW, see pic below:
Now you have to bear caution as the market is clearly in an uptrend.. however, the price action over the past week, looking at the daily charts, shows us that there seems be a band of resistance where the price is unable to get beyond. Of course, the markets can do anything but this does look like a worthwhile trade taking a 1:1 risk
August 14, 2012
No Comments Full Story
I've closed my EURCAD long as it hit resistance of 145000... I wasn't sure what would happen from here.
I got around 50 pips which is a nice profit nonetheless.
The market could easily go higher now and reach my intended 100 pip target...
I am not sure why my broker had put the price to above 100 pips when the market was closed. Nevermind though..
One of my biggest trading nuances is that I can't seem to hold onto winning trades.. I hope this will improve in 2008!!
January 2, 2008
No Comments Full Story
