Posts Tagged Trading

USDCAD trade update

USDCAD trade update

My USDCAD trade got stopped out today which was very annoying.. it was clipped by a mere 10 pips and then reversed up 100 pips! UGH! Frustrating to say the least but there you go!

June 11, 2012 No Comments Full Story

Nothing happens on the DOW today due to holiday

Nothing happens on the DOW today due to holiday

The trade from last week didn't do anything today. There was very low volume in the markets today as the US stock market was closed early due to a public holiday, Memorial Day. However, the price action doesn't particularly look that great! You can see the strong pinbar push up as the bulls propped up the price. The day following, some more bulls were present but since then, weakness on Friday and today, not much. However, we shall see what happens when the markets open again tomorrow.. hope

May 28, 2012 No Comments Full Story

Time to go long on the DOW?

Time to go long on the DOW?

I went long on the DOW the other day, see the daily chart of the Dow below... it had hit support and the second time it did so, there was a pin bar pattern indicating strength with the buyers. The second day, you can see continued strength but today, there has been some selling. I went long at the break of the nose of the pin bar and my stop is 5 pips under the bottom of the pin. The trend is down however but this is a reversal play. It is risky considering how weak the market is but this could

May 25, 2012 No Comments Full Story

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