Posts Tagged trading system
![Daytrading the DOW]()
So, I'm back again on the DOW to see if I can get some more profits from it.. I grabbed a few profits yesterday and thought I'd give it a go today. In the past, I have found that the DOW is extremely volatile and difficult to trade. However, if I can try and trade it only when there is a break of some sort and ride it as far as until it looks like it's hit something.
So today, I was waiting for a break of 10400 which it did. I went short and for a few minutes it went above my entry point..
June 22, 2010
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![Nice day for the 4-to-7 trading system.. not so nice for me]()
The chart is show above.. the upper and lower lines are at 14937 and the lower line 14844. This looks like simple short for profits.
It was.. however, for me, I didn't wait until 7am finished and my first trade was a long at 14927 which obviously ended in a loss!
The loss was 50 pips and my gain on the short was 30 pips.. totalling -20 for the day!
June 21, 2010
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![GBPUSD - all in a days trading (or not)]()
Today I woke up early and was rather more alert than usual. This is not a good thing necessarily when it comes to trading.. certainly not in my case. I saw that the market had consolidated from yesterday after shooting up strongly. A consolidation usually happens after any particularly large moves so rather normal.. however, the market could have easily topped here or just biding time before heading higher. I wanted to play it safe so I didn't trade...
The 4-to-7 trading system's range was 14
June 15, 2010
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