Posts Tagged Spreadbetting
I shorted the DOW when it broke the trendline at 9740 or so.. however, it wasn't the perfect entry as the market bounced from this area of support to go north... I had a stop at 9780 which was the previous high but nonetheless, my short wasn't ideal as short trades should be entered on a long countertrend.
I had to watch the market go against me 30 points or so before it tanked.. it went past my entry point and I took profits at the round number 9700 for 40 points which wasn't bad. However, t
September 30, 2009
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There was a huge drop with the EURUSD and my system had indicated a short entry at 1.4270.. this would have been a lovely entry and very profitable.. however, as you know, I work a 9-to-5 job so was unable to enter.
However, my long at 1.4241 last night with an exit price of 1.4290 yield a nice 49 pips.
I have just entered long 1.4175 now with a stop at 1.4135.. let's see how it goes...
July 28, 2009
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I was doing pretty well of late but my trading seems to have suffered a turn for the worse of late. I know that I am entering trades when I shouldn't be.. they are like gambles. My short of the GBPUSD at 16263 was premature. The trend was clearly upwards but I was seeing a slowdown in the rate of progress the market was heading upwards.. it has powered uphill rather rapidly and I was expecting the market to subsequently move down before a continue journey upwards. Countertrend trading as this is
June 9, 2009
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