Posts Tagged day trading
Friday was a day when the UK elections and the Greek crisis caused huge movements in the markets... not only were the currency markets affected but worldwide stock markets. The system would have yield results today but I didn't trade! The channel was already about 300 points wide (top of channel 14914, bottom of channel 14597)... massive.. almost 10x our average size.. not something which I felt comfortable with.
The break towards the downside happened around 10 ish however and it dropped ano
May 7, 2010
No Comments Full Story
I got caught in a false break to the downside today. You can see where I had two entries lined up.. long at 15343 and short at 15313. The short triggered and fell about 15 points before it reversed and shot up through my upper barrier 15343 and almost 90 pips.
So, how did I lose out I hear you cry.. well, I have what is called a OCO order.. this stands for One Cancels Other which means, which every trade is triggered first triggers the other. So my short trade was trigger first which automa
April 20, 2010
No Comments Full Story
You can see the triple top set up on the 5 minute Dow with the Pivot being the resistance. A good point to short so had a short order at 10887 and rode it down to 10855. My original target was 10840 but hey, I'm still in profit.
March 31, 2010
No Comments Full Story
« Older Entries
Newer Entries »
