Posts Tagged trading dow
It just goes to show that you never really know where the markets are going. I had moved my stop up a bit as the previous stop under the pin would be a full 2% loss if it hit. Moving up the stop to a previous low meant a loss on this trade would be 1%.
Well, the markets fell extremely quickly today and took me out of the trade. Of course, it was disappointing and I would still be in my trade if the stop was below the pinbar but even if I was and saw the strength of this fall.. I would h
May 30, 2012
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![Thinking too much and trading]()
Today, I'm sad to say that I didn't listen to my instinct when it came to trading. I was being too clever and thinking about what the market was doing.
Look at the chart below. The market had hit the pivot point the first time and retraced. It then moved upwards and this was the time where I got back home and look at the market... it had retraced off the pivot and some strong movement up again towards it. I was a littl reluctant to put on the long as the pivot point was so close again when I
July 20, 2010
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![Trading the DOW after it's already made it's huge move!]()
I came back home and fancied a bit of trading.. my trading has been going ok lately and I've introduced some swing trading into my repetoire... I'll talk about that later but for now, let's concentrate on the DOW.
So, the DOW had already made a 150 odd gain and I got home wanting to grab some profits. The trend is up on the DOW so we're looking for long trades when the market retraces. The retraced happened off 10390 back down to 10350 and I had entered my trade a little early at 10360 where
July 13, 2010
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