I made two trades the other day which worked nicely. I placed these trades on the 2nd September around 22.00 GMT. I went long EUR/AUD at 17353 with a 100 point limit and a 50 point stop. I also went short AUD/USD at 8366 with a 100 point limit and 50 point stop. I woke up the following day, both targets hitting their limits and making me 200 points!! Hoorah!
My trading of late hasn't been very good and I've lost focus hence the lack in the number of emails.. anyway, I spent time away to think through and go back to the basics. Trading the DOW is definately a way to lose money.. the DOW is just a basket of 30 stocks and is easily manipulated... quite frequently when you see a move beyond a level, you expect it to move beyond but no, more often than not, the market will just reverse and do the opposite.. the big boys are obviously aware of the smal
The short entry was a good one.. however, in light of the strong uptrend I wanted to get out as soon as it hit any resistance and I got out at the round number 11600. The stochastics were also way into oversold territory so I got out and grabbed a measly 10 points. The market however, fell further and is currently at 11583... trust my luck!! The hardest thing I think about trading is knowing when to get out.. I think it's much more difficult than entering. The other day, I gave up over 1
