The last few trades, I did make quite a few trades on the currency and the DOW (urgh, why am I still trading this instrument?). I haven’t documented everything as I usually do…. many of these trades were done during the day when I was at work and not able to give myself the time to watch the markets.. yes, what on earth am I doing? Anyway, since the 24th, I placed 6 currency trades… all losing.. hmm, I won’t go too much into but they were all small losses. All I can say is that the currency markets have ‘changed’ again, I think they are in rangebound movements again as before, when I was using my trade signals to get in and out, they were working beautifully.

Anyway, back to Friday’s DOW trades, I made two trades.. one during my working period which amounted to a loss. However, at one stage it was 50 points up and if I were about watching it, I would have moved my stop to contain it.. I can’t even say it’s unlucky, I just was there to watch it and so the fault is my own, I really need to not trade when I am unable to watch it. Anyway, first trade was a -61 loss. My entry criteria was the lower stochastic on the second peak in prices, negative divergence.

When I got back home, I traded and managed to claw back some of it. There was a descending triple top pattern and I traded off the third top as it fell from the resistance line. It fell rapidly and I closed out before it went the other way.. my exit was quite lucky as it shot up from it’s position and closed 114 points higher!

Here is the chart:

Tags: day trade, day trader, day trading, daytrade, daytrader, daytrading, descending triple top, make me some money, makemesomemoney, negative divergence, shorting the dow, spreadbet, spreadbet the dow, Spreadbetting, spreadbetting the dow

I have been rather cautious with my trading as the markets seem extremely volatile whipsawing as uncertainty seems to take grip. As a result, I have been extremely selective in my trading and hence the rather less frequent updates on the website. However, on Friday, I did make a trade on the AUD/USD forex chart.

I traded this as I saw negative divergence on in the 4 hour chart on the stochastics as the market had hit a second high at around 0.9630. The stochastics also crossed and my trend signal turned red indicating a sell.

Nothing really much happened for a long time and then the market moved this Monday dropping… I closed out for +50 but the market reached a bottom of 0.9615 which would have make me an additional 50+ for a total of over +100…

Tags: audusd, daytrade, daytrader, fibonacci, foreign exchange, forex, long, makemesomemoney, negative divergence, position trader, short, Spreadbetting, stochastics, stock market, Trading, trading blog