Posts Tagged trading academy
I pulled a good trade today, went long at 128250 as the market pulled back to hit the 5 day MA on the 5 min charts. The MACD and Stochastic in both the 5 and 15 mins were all pointing the right way which made me more confident.
I targetted 128975 but when it hovered around 128900, I manually closed out at 128875 for 25 prices!!
However, this was all on the simulator (I went back to it yesterday after losses).. Now, this is very odd.. I do very well on simulator and lose on the live account
January 23, 2008
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Back to it today.. the stock markets around the world tanked yesterday and then the US market was momentarily saved by the Bank Holiday and then the cutting of interest rates by the Federal Reserve.
I had a lifeline today... my TM (trading mentor for those who are not in the loop) seems to like me despite my losing days and left me on the live account.
The market was extremely volatile today, we're seeing 10 or more prices bobbling up and down all over the place which makes things difficul
January 22, 2008
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After my winning day on the live account, I'm down and out again. I had some errands to run for the other half and I came back today to see that the market had moved substantially already. I felt a bit annoyed that I had missed all this.
I sold on a pullback to find that the move was more than a pullback and stop me out. Then I went long thinking that the market would go higher... well, it still looks like it wants to go higher but it stop me out before doing so. I've hit the limit for the da
January 18, 2008
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