Posts Tagged daytrader

Shorted DOW after it’s retracement

Shorted DOW after it's retracement

The DOW was clearly in a downtrend today but when I got to the charts, it was retracing and I looked for an entry to go short. I went short around 10610 after the retracement make a double top in the 5 minute charts (also stochastics has peaked). The first support line was at the pivot point S2 but nothing happened and the market broke through this relatively easily. I was also conscious that stochastics were at a low too and would look to making some move upwards so when the market hit 10585, I

August 10, 2010 No Comments Full Story

GBPJPY trading update

GBPJPY trading update

Well, the market went my way and hit my target for 144 pips which was healthy. However, the market continues to fall and I've left another 70 pips on the table..

March 27, 2009 No Comments Full Story

GBPJPY – Forex trading… almost got stopped out but ended up a winner!

GBPJPY - Forex trading... almost got stopped out but ended up a winner!

I shorted the GBPJPY at my entry point as I thought it was heading lower as it broke below 13660 and I promptly pressed the sell button at this level. My stop was 13695 and as soon as my trade went through, the market went up... I knew that it had to clear the upper resistance but it kept bouncing up at this level which made me feel that I may have been wrong with my trade.. however, I kept a close eye at the level and then, it suddenly plummetted! However, I wasn't sure how far this would fall

December 4, 2008 No Comments Full Story

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