Posts Tagged stochastics

What happened to the CHFJPY trade?

What happened to the CHFJPY trade?

Actually I closed this trade yesterday for a 20 pip loss. As I mentioned, the signal wasn't clean and I was a bit wary of trading it. As I previously mentioned, the stochastics had crossed but it hadn't cross near the top for a short signal but near the 60 level. My short at 10075 got stopped out at 10095 for a -20 pip loss.

June 4, 2008 No Comments Full Story

My other trade today – short CHFJPY – not a clean signal, let’s see what happens!

My other trade today - short CHFJPY - not a clean signal, let's see what happens!

I also put in a short trade on the CHFJPY with a trailing 50 point stop loss. The market hit a double bottom at 100.18 and has bounced up to hit the 61.8% Fibonacci level. The stochastics have also crossed towards the downside. All looks good you may say.. however, I am not 100% confident of this trade for the following reasons: The stochastics crossed at the 60 level. A clean cross should happen either above 80 and move downwards or below 20 and move upwards Very strong upwards momentum

June 2, 2008 No Comments Full Story

Very small profits today! Day trading the S&P

Very small profits today! Day trading the S&P

I missed a hell of a lot of the action today.. the market had already fallen loads and there were just a mere few scraps to be traded with. Today was a short day so I was looking for a chance to short the S&P and the opportunity came when the market bounced off the Fibonacci level in the 5 minutes. This also coincided with the stochastics cross and I went short. I didn't get the best price and also with the spreadbetting spreads my price wasn't great. However, I rode it down to around 138

June 2, 2008 No Comments Full Story

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