Archive for June 9th, 2008

I am still trading the S&P

I am still trading the S&P

For those who follow the blog, you've noticed that the past few weeks I've not put on too many S&P trades. The reason being is that it is too easy to lose on the S&P (well, that's what I find but that could be because I'm not too hot a trader)...  anyway, I have been watching every day as usual but just been really careful and I am trying to only enter if I see an entry based on price action. In the past, I have been putting on trades when I am anticipating a move as the stochastics

June 9, 2008 No Comments Full Story

Stochastics cross on the USDCHF.. long at 10251

Stochastics cross on the USDCHF.. long at 10251

Ok, I've gone long on the USDCHF at 10251 with a trailing 50 pip stop. It's 20 pips up so far but you never know what happens to the market...  if I close now and bag 20 pips I may feel fab but if it shoots up more, I'll kick myself. However, if the profits now turn into a loss then once again, I'll kick myself.... basically you can't win! You just have to stick to a gameplan and hope for the best. The previous Forex trade I made on the NZDUSD was like that, I could have taken a 25 pip profi

June 9, 2008 No Comments Full Story

NZDUSD didn’t work out

NZDUSD didn't work out

Unfortunately the NZDUSD trade didn't work out.. I got stopped out for -50 though at some stage, I was 25 pips up... oh well!

June 9, 2008 No Comments Full Story