I made one trade today, long 141225 when the 4 min stoch and MACD were looking like they were heading up. The 15 min stoch also was heading up… I was cautious as the MACD was still in a sell state. I bought in and the market moved quickly upwards, it reached my 10 prices and I moved stop to breakeven. However, soon after this market fell and stop got hit. I ended up with no loss or win…
Our trading mentor informed us not to trade until his say so after Bernanke said his thing. Bernanke took over from Alan Greenspan and is currently the Chairman of the US Federal Reserve... when he has something to say, the markets can move and when I came home, I saw that the market had shot up and generally looked rather choppy. I wasn't sure I'd be able to find an opportunity today but I did. I shorted the market as it reached the previous high of the day at around 142900. I got in at 1428
I thought I would take a look at the S&P chart today... I know in my previous blog entry, I said that I would probably leave it until next week before I start trading but there's no harm in having a look. If there are no opportunities, then that is fine! Over the Xmas period, I was able to dedicate time to reviewing my trades over the last 6 months. Having all my trade entries and exits along with my faults in the blog allow me to do this and be objective about things. I found that I w
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