Posts Tagged Spreadbetting
![Thinking too much and trading]()
Today, I'm sad to say that I didn't listen to my instinct when it came to trading. I was being too clever and thinking about what the market was doing.
Look at the chart below. The market had hit the pivot point the first time and retraced. It then moved upwards and this was the time where I got back home and look at the market... it had retraced off the pivot and some strong movement up again towards it. I was a littl reluctant to put on the long as the pivot point was so close again when I
July 20, 2010
No Comments Full Story
![DOW scalp trade for a few points]()
I thought I'd have another go at the DOW today since my forex trading yielded a -20 result. I needed to find a way to top up my account!
The Dow was moving lower and you can see the resistance line I drew in. The market was bouncing to this line before heading lower. However, at the blue arrow, the market broke the resistance line and I was looking at a possible long entry at 10532. Luckily for me this did happen as the market tanked. I wasn't flexible enough to short at this stage here so I
June 21, 2010
No Comments Full Story
![Trading the DOW futures market]()
I got home today and decided to see if I could quickly scalp the DOW jones. You can see that the market fell shortly after the open and bounced back up a little. I was looking for a long trade if the market went above the previous high. I had an order at 10385 and was looking to ride it as far as possible, selling out as soon as I felt some resistance in the market.
Well, the order triggered and went up nicely... the first port of resistance was the big round number at 10400 and I got out aro
June 17, 2010
No Comments Full Story
« Older Entries
Newer Entries »
