Archive for the Forex trading Category
Today at 1.30pm GMT time the Non Farm Payroll economic news hits the markets and usually you would expect some volatility in these markets. Big ticket news items like this can completely mess up your trading system so it's best to avoid it. I didn't trade today but if I had done.. I would have lost.
Although there was movement it was choppy and was just moving up and down with no clear direction....
(You can see some movement when the new release is announced)
There are some people
July 2, 2010
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I've dropped the chart into the 5 minute chart so you can see clearer.. the upper and lower band today were so close that I felt a bit uncomfortable with the trade... the upper band was at 14836 and the lower was 14819, a mere 17 points which is tiny.
However, I put in the orders and from the graph, my short should have been hit which would have been a loss. It looks like it was within a pip or so... so that was extremely lucky.
The long came on just before 8am however and powered away..
June 23, 2010
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Stalking the DOW again today.. I am primarily looking for quick profits. I was going to write quick and easy but trading isn't all that easy. However, if you can sense where the momentum is, you can get behind it and ride it a few points. I'm happy to grab a few points where I can and get out as soon as I sense that momentum has run out. I just don't trust the Dow, any sign of uncertainty... GET OUT!!!
I put an order to get in at 10320 today and it hit. I was aware of overhead resistance at 1
June 23, 2010
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