Posts Tagged technical analysis

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

What could have been – EURCHF Forex trade

What could have been - EURCHF Forex trade

Remember the trade I put on at the end of last week, a short of the EURCHF where I took 40 points? For those that missed it, it is here http://www.makemesomemoney.co.uk/2008/05/30/another-eurchf-trade/ Well, I looked at it today to see what it could have been and this is what the chart looks like: Blimey, I missed out on some serious number of pips...  about 150 or so!!!

June 2, 2008 No Comments Full Story

My Final trade on the S&P and the Head and Shoulders pattern

My Final trade on the S&P and the Head and Shoulders pattern

I have been busy today and posted quite a few times in a short space of time! Anyway, I entered another trade after the previous and make all the losses back to close at 0.3 points in profit! Hoorah, at least it wasn't a loss! As I mentioned earlier, I was talking about the head and shoulders pattern. It wasn't a perfect pattern but as I write, the market has indeed reversed and hit my targetted endpoint at 1388 and indeed has gone beyond this! In addition, I didn't mention my Fibonacci

May 28, 2008 No Comments Full Story

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