Posts Tagged Trading
Our trading mentor informed us not to trade until his say so after Bernanke said his thing. Bernanke took over from Alan Greenspan and is currently the Chairman of the US Federal Reserve... when he has something to say, the markets can move and when I came home, I saw that the market had shot up and generally looked rather choppy. I wasn't sure I'd be able to find an opportunity today but I did.
I shorted the market as it reached the previous high of the day at around 142900. I got in at 1428
January 10, 2008
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I got home a tad later than usual today, delays on the Tube system. I lost 30 mins of valuable trading time but when I got back, I was glad to see that I had not missed anything in the 30 mins.
Anyway, just after 7pm GMT, the market was starting to retrace from the short term high at 143250 and I was initially thinking of an entry to go long as it hit the 5 day MA and also the 50% Fibonacci line.
However, at the same time, the MACD and stochs in the 5 mins were looking overbought and looki
January 8, 2008
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Thanks to Rich at the Forex Project for this..
The January 2008 edition of Currency Trader magazine is out and you can download it for FREE from here:
www.currencytradermag.com
You can also get the previous issue. Brilliant!!
January 7, 2008
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