Posts Tagged trendline
I've been so busy with things that I've not had a real chance to reflect on the happenings around me. Anyway, circumstances have unfolded which have allowed me to take some time out and reflect and look back on what I have achieved (or not achieved) and done.
As you know, I started this blog just shy of a year now... boy has it flown. In fact, I've just gone to the first entry in my blog and it was the 17th July when I said hello to the world. Initially the blog was to write about the money m
May 4, 2008
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I totally forgot about the Fed today, it was only when my trading mentor phoned up to tell me about it, I closed my initial trade for a scratch trade at 139725. Typical, they only call me up when they want me to do something.
Anyway, I waited for the Fed result to come out and watched it.. the DOW hit the 13000 mark and then sold off. The market then formed a triangle pattern before breaking out to the downside. I sold here at 139875 and felt dead proud of myself. The market didn't do much fo
April 30, 2008
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I figured that there is no point in grabbing small profits and also no point in getting out of a trade unless conditions change... I read that somewhere from a top trader in a book.
Anyway, I think my short was not a bad entry at 139325. The 1 min stochastics had eased off and the 5 min stochastics was indicating a sell. The 15 minute stochastics looked like it was turning. The market did start to move south and hit a low of about 139175 before moving upwards and gradually taking out my stop
April 29, 2008
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