Posts Tagged position trading
On the 26th evening, I checked the markets for longer term Position Trades and I saw this and got quite excited! This was the Euro (EURUSD) and you can see that the price action had bounced off the resistance line.. the pin bar pattern on the daily candlestick showed some healthy selling.. the market is going down! I shorted at the close of this candle with a target towards 13000. My stop was just above the tail.. the red horizontal line marked stop.
I was going to leave this and just wai
April 27, 2012
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I thought I'd check in on how the hypothetical shares would be doing if you had put on the trades first thing this morning. I know they are swing trades meaning that the day to day following of it isn't of value.
However, out of interest, let's see how the selected stocks would have done after the first day of trading for the day:
Admiral Group (ADM) – net zero points
AstraZeneca (AZN) + 32 points
Barclays (BARC) + 8 points
Lloyds (LLOY) + 0.2 points
Royal Bank of Scotla
April 11, 2011
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I read officially that we are in bear market territory, this is where the markets have fallen 20% from their highs... the state of the economy is not looking good and the financial sector especially is taking a bashing.
However, I took a few scalp trades today... I am having some real problems holding trades which is my biggest weakness in the markets... trading psychology plays a huge part and I am letting myself down when the markets are going my way.. I feel inclined to take a profit whic
July 9, 2008
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