Archive for December 11th, 2007

Dare to trade the FOMC?

Dare to trade the FOMC?

Well, I didn't!! In the past I have done so and have won loads and have lost loads also. If you spreadbet then you find that you can't get in and out as quick as you like and you can be stuck in a losing position. Anyway, as mentioned yesterday, we were told by our trading mentor not to trade today unless it's past 7.30pm (GMT) and that's only if you really have to and see something. Well, the market has move strongly to the downside and now my indicators are all indicating that the market is

December 11, 2007 No Comments Full Story

The Pitfalls of Trading at Work

The Pitfalls of Trading at Work

Today, I had a little time at work and saw some opportunity and made two trades on the Forex market. The first was a short of the AUDUSD at 0.8890 early this morning. The reason for the trade, a double top formation in the 15 mins with negative divergence showing in the MACD chart. Then I shorted the EURUSD chart at 1.4708.. once again, another double top pattern. The entry for this one wasn't as good as the AUDUSD trade but still, I was happy with it. I had set up my stops for both and

December 11, 2007 No Comments Full Story

 


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