Archive for June, 2011
I saw this in the papers today how a self employed trader named Barnett Michael Alexander was able to exploit a 'loophole' in the spreadbetting firm City Index making over £600k! However, his method was deemed illegal and he was fined £1 million by the FSA
It's a really interesting read and there's a fascinating strategy that made him a lot of money which he says is still not closed. However, I wouldn't recommended doing it unless you want to be fined!
http://www.telegraph.co.uk/fi
June 15, 2011
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A trade that I still have open is the one below. I had went long at 14438 earlier today on the EURUSD and saw that it had failed to go above 14500 and it did make me think if I should close the trade for a healthy 55 pip profit. However, for this trade, I was looking at the 4 hour and the Daily Charts to gauge an entry and they are still telling me that the market is still in an uptrend... I sure hope so. As you can see from the below chart taken at 22:10 UK time, the price action has fallen all
June 14, 2011
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Well, it had to happen I suppose... I don't know anyone who goes and has a winning day every day....
I had closed two trades today with a loss.. firstly a short of the USDJPY Forex pair.. it looked as though it was breaking down and I had actually entered short yesterday around 4pm. The market dwindled for a few hours in the early hours of the morning before it started it's rise and hit my stop at 8040 for a 25 point loss.
My next trade was a little bit disappointing on my part.. I h
June 14, 2011
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