Posts Tagged trading profits
A few days later after my long trade with EURCHF which should have yielded a nice 180 pips (of which I took none... see previous post for reasons).. another trigger was initiated but this time on the short side. The stochastics crossed and the trend line indicated short. I went short at 1.6275 with a 50 point stop and a 50 point target.
The market fell sharply and I took my profit at 1.6235 for 40 points! I am still unable to ride the trends.. I was thinking it being Friday and the market b
May 30, 2008
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Today was a bad day for me to trade.. I didn't feel right, I felt a bit fed up with the whole trading thing. I see periods when I am doing ok and periods when I am doing lousy and altogether, I am not sure if I am making progress or wildly stabbing in the dark.
Anyway, back to the DOW today. I went long at 12754 and got stopped at 12736 for a loss of -36. Once again, I went long at the top of the pullback....
Then I read the comment from Stephen McCreedy (thanks for the comments in a
May 21, 2008
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I came in after work today to find that the market had jumped over 100 points to 13140. I was thinking at this stage that the market had run out of steam.. the peak at 13140 showed negative divergence in both stochastics and MACD charts in the 5 minutes. I waited for a break below 13100 for a short.
Anyway, I got in at 13100 and rode it 20 points before closing out at 13080. The stochastics in the 1 min were oversold and I was thinking that they could go up anytime soon. However, 5 mins a
May 19, 2008
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