Posts Tagged s&p
I am still on the simulator.. I've emailed my trading mentor but not a squeak from him as yet! Anyway, I made a few trades today.
The first trade was a long at 132850 which was a short term double bottom. The stochastics in the 5 mins were starting to cross at this stage. I had targetted 133250 which hit the target. However, the price action managed to get just shy of 133400 which was a previous peak. I got +16
Then the price action subsided and started to fall. The stochastics were still
March 3, 2008
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I got today off so I went out for some shopping and then got back around 3pm for some trading. I made a series of trades..
My first trade was a long at 134525 with a target of 134775. The market did go up but didn't hit my target before it started to retrace. I got out with a +2 profit before it tanked. The days movement was down day so in effect, I should have concentrated on short trades only.
Then I went short at 134450 with a limit at 134175. The 5 min stochastics had peaked so it look
February 29, 2008
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The markets were looking to head upwards and I put on a long at 136850 with a limit at 137050. It hit target for +9 but then shot up even more to 137400... darn, I left a lot on the table!
The second trade was a short as I saw that the market had made a top from the candlestick patterns. The stochastics were looking to cross also. This short was at 137225. It hit my stop for -7 though when the market made a final push a little higher just shy of 137500 and tanked. You can see in the stochasti
February 28, 2008
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