Posts Tagged shorting
After last weeks volatility in the markets I thought I would watch the markets today to see if there were any opportunities.. I have always learnt that the markets will go their way regardless of any intervention of which we saw plenty of last week. The markets were clearly heading down and for those who are bearish, perhaps this was a perfect shorting opportunity.
Anyway, I tried not to think too much about this and just watch the markets unfold and take my position from there. The markets fel
September 22, 2008
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I made two trades the other day which worked nicely. I placed these trades on the 2nd September around 22.00 GMT.
I went long EUR/AUD at 17353 with a 100 point limit and a 50 point stop.
I also went short AUD/USD at 8366 with a 100 point limit and 50 point stop.
I woke up the following day, both targets hitting their limits and making me 200 points!! Hoorah!
September 4, 2008
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The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points.
The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out.. I think it's much more difficult than entering.
The other day, I gave up over 1
August 22, 2008
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