Archive for February, 2008
I have shown just my entries in my attached chart... it was another bad day!
I entered long where the arrow is green at 138425. I could see that the 5 min stochastics were in oversold territory so there would be a move upwards soon.. was it here? However, if I paid more attention to the 15 min chart, I could see that it was telling me something different, the MACD had cross towards the downside and indicating a short. The conflict of signals should have been a warning! Anyway, I ended up
February 26, 2008
1 Comment Full Story
This wasn't my kinda trading today.. I don't seem to be doing well again all of a sudden...
I kept on seeing a top and trying to time it for a ride down. However, I was wrong 3 times. I should have been a bit more careful as the 15 min stochastic was clearly showing a long. Even when we got the cross towards the upside, I went short.
I felt like it was back to the drawing board, I wasn't disciplined at all.
The market then shot up like a bullet.. I have no idea why but I wish I was lon
February 25, 2008
2 Comments Full Story
I'm sure that how the saying goes.
My first trade of the day was a trade against the trend which resulted in a loss of 12 prices... drats, it wasn't a good trade. I seem to like to play the countertrend trades.. not the smartest thing to do.
I made 5 trades in total today, I won't go into the specifics as nothing really happened. The big pictures is that the trend is down and you should be looking to short any rally.
I did short the rally when the market hit 135250 at 19:30 GMT and it w
February 21, 2008
No Comments Full Story
« Older Entries
Newer Entries »
