Posts Tagged trendline
I got my Friday off and therefore had more time to trade. I made a series of trades as you can see from the chart.
First trade was a short at what I thought to be the forming of a triple top. The price action had indeed moved down a tad and I had caught it a bit late.. the market had reversed and went up to hit my stop for -8! Ouch!
My second trade was a stop and reverse. As the failed top patterned emerged, I went long above the break and caused +7 prices...
Third trade was a short at
April 20, 2008
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I still haven't heard anything from the trading academy... I continue to trade as it's about learning and if they terminate my contract, I will set up my own account and continue. I feel my trading is making progress and it's a matter of time before I make it. If the trading academy can't see that there is potential in me then it's their loss...
Anyway, I shorted at 136650 as the market had hit a resistance line.. see the 15 min chart and you can see that the market had stopped dead on this
April 17, 2008
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I shorted here at 135900 thinking we had got a triple top.. in fact, the market shot away and blasted into space. I was gutted and took a 14 price hit.
I still haven't heard from the trading academy which I take to be bad news.. however, I'll give them a chance to respond to me before I go onto a rant.. this maybe later on in the week so watch this space!!
April 16, 2008
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