Archive for June 10th, 2008

Simon Grinter’s Forex seminar

The weekend gone I attended Simon Grinter's Forex seminar. For those who check in on the website you'll find that I've been thinking about attending Simon's seminar for a while. I've been following Simon's work for a long time now when he started trading the Dax and now Forex. He had a blog where he would post his trades and he was always doing very well. His current Forex blog shows results of his trading sessions and there seems to be a lot of profit being made: http://www.s3scores.blogspot

June 10, 2008 2 Comments Full Story

Price action trading… some small profits on the standard and poor!

Price action trading... some small profits on the standard and poor!

Following on from the previous post, there was a breakdown of the downward pattern and I went long at 1357. The stochastics were looking good in both the 1 and 5 mins so I went for it. However, I took profit at 1359 as the stochastics were looking to cross as you can see in the chart.. the market may well go higher as the stochastics have more to go in the 5 mins but I don't want to risk it! I got +2 points which isn't a bad result!

June 10, 2008 No Comments Full Story

Watching price action on the S&P..

Watching price action on the S&P..

As I mentioned, I am watching price action on the S&P and I missed a great trade. If you look at the black upwards trendline I have drawn on the chart, you will see that the market used this as support as it made it's way up a few times. It then broke this support line and chopped for a bit even bouncing off this as overhead resistance... this would have been a good short or, to await for confirmation, a break below 1362. The market then just fell and there would have been some great profits

June 10, 2008 No Comments Full Story

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