Posts Tagged fed
When I got back home, the market was slowly dying a death.. the market was heading lower and lower. The stochastics charts were flatlined at the lower end and not moving much at all in both the 5 and 15 minute charts.
I went short and tried to hold it as long as I could from 132275.. it managed to get as low as 132050 before it headed higher and hit my stop for -3 (it would have been lower but I learnt my lesson from yesterday and that's to move the stop down as the price moves beyond each le
March 28, 2008
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Today I came home exhausted and tired.... I didn't feel like I wanted to trade but I felt also a bit frustrated that I am still yet to return a profit.
Although I am on the live account, I have yet to clear a profit as I've lost almost 50% of the cash in my account!! I have to clear this before I start getting paid. On top of all this, I am paying back the trading academy every month... all this added pressure.
The market feels no sympathy of course and I should know better. The trades I t
March 26, 2008
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Hi All,
Today is Bank Holiday Monday in the UK and in my previous post, I mentioned that I don't like to trade the market during these times. Best to wait for the traders to come back with some volume to start again.
Well, that's certainly for the markets which are directly affected by the UK bank holiday. In other places, it isn't a public holiday so I looked at the charts, in particular, for something which should be affected directly by the UK holiday.
I saw a pattern in the Forex ma
March 24, 2008
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