Archive for March, 2013
Today I thought I’d try something new. For those following my Twitter feed, you’ll read that I placed a binary bet on the FTSE closing lower today. A binary bet has two outcomes – win or lose so it’s a simpler form of trading.
With a binary bet you will know your maximum loss vs your maximum gain so it’s good in that respect. You are able to better manage your risk and are less likely to get involved with the anxiety that traditional trading brings.
For example, if I take my trad
March 26, 2013
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I was finding that I was missing out on Monday’s movements if I had only looked at the markets from Monday morning. Sunday evening isn’t a good time to base trading signals on due to low volatility. Anyway, today, I got up earlier than usual and looked at the markets before the European open.
I decided to take a short on Gold as it was in a downtrend and the recent pullback up looked as though it had run out of steam. You can see that there is a resistance level where the market had
March 25, 2013
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I got a good entry into Crude Oil last week. I was long pretty much at the bottom of the green candle after the large move down. I had my stop at below the large red candle at 9230.
During the day, the price action rallied and I was 60+ points up and the trade was looking good. However, the following morning the price action fell and hit my stop and then bounced strongly upwards.
This is really unlucky and I think the entry was a good one. However, these things happen when trading an
March 24, 2013
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