Posts Tagged trading discipline
At 19.00 GMT, the FOMC made it's announcement.. I had no idea what they announced but the market didn't really do that much. I entered short when the market went below a previous support level at 135000.. unfortunately, it soon bounced back up and I had to nurse a 16 price loss! Ouch!
My trade wasn't a bad one, I had traded on break of the channel. Luck wasn't on my side this time.... as I write, the market has broken up above the upper trend channel. If I had bought this, I could have gr
February 20, 2008
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I am suffering from man-flu once again!! I was ill two weeks ago also so I'm feeling rather poorly.
Anyway, there's nothing getting in the way of me and my trading. I came back usual time today and shorted when I saw that the stochastics were turning.. I got in a bit late with an entry at 136175 and rode it to the round number 136000 for 7 prices. Nothing special!
The market actually went lower and I left a bit on the table. At this stage, about 19:15 GMT, I was looking for a long trade (s
February 19, 2008
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It's the US Bank Holiday today.. in these times, the volume is light and it's easy to get spiked out so it's not worth committing any money.
There was no real movement today, market just bounced about doing nothing in particular..
I'll be back tomorrow!
February 18, 2008
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