I shorted the FTSE last night seeing the bearish pin bar. I was a little cautious because the trend was still up so I knew that it was a higher risk trade and the market looked like it had lost momentum on the long side. However, I was wrong today as the market rallied and took out my stop.. Oh well, such is life in trading.. upwards and onwards!
Another profitable day in the markets. The health of the stock markets tend to reflect the GBPUSD, EURUSD and FTSE100 and I had a long trade in all of these instruments this morning. The first trade was the FTSE100 index long at 5773. I had a 20 point stop with an initial 60 point target. However, waiting for the market to move was fruitless. It didn't move much during the European open and even when the US markets opened up, nothing much happened so I closed for 13 points. The second
Today was a good day for me on the markets even though I started off with a loss.. I was look for a short entry below the support line 16405 and the first time it did this it didn't stay below this line for long.. bouncing up and hitting my stop for a 20 pip loss. The second time however, it did continue to fall and it reached my 40 pip target. Total for GBPUSD was 20 pips. My third trade today was a long FTSE100 trade at 8am. I had my stop 20 pips away which got so close to hitting bu
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