Posts Tagged s&p
I'm sure that how the saying goes.
My first trade of the day was a trade against the trend which resulted in a loss of 12 prices... drats, it wasn't a good trade. I seem to like to play the countertrend trades.. not the smartest thing to do.
I made 5 trades in total today, I won't go into the specifics as nothing really happened. The big pictures is that the trend is down and you should be looking to short any rally.
I did short the rally when the market hit 135250 at 19:30 GMT and it w
February 21, 2008
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It's pretty dead today... if you look at the chart, there's not much happening. It's probably because the last couple of weeks we've had a lot of news driven events but today.. nought! Then there's the Superbowl which happened last night and the traders are probably nursing their hangovers. In periods like this, best steer clear and wait for an opportunity.
On a more positive note, I spoke with my trading mentor and he's been happy with my simulator trades. I should be going live again..
February 4, 2008
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First trade was a short at 134500 when the market bounced up from a fall and hit the 5 day MA line and stochastics were looking to cross towards the downside. Unfortunately I was wrong and got stopped out.
Second trade was another short at 134725 at the market hit the previous swing high level… I was proved wrong again.
By this stage, I was nursing a -14 loss!! Ouch!
Hmm.. then I saw an opportunity to short again when the market hit the top of the channel and I put on my trade.. luc
January 24, 2008
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