Posts Tagged presidents day

All the trading rules broken!!

All the trading rules broken!!

I haven't been trading enough this week so I was eager to get stuck in today. My first trade was a short at 12922... the market had already come off a 50% Fib level and I was thinking that it had further to go. I had missed the move as it fell (as I had only got in at 6.30pm GMT)..  I quickly opened the short but didn't check to see that the stochastics had almost reached the oversold level. This was frustrating as I sold right at the bottom. The market went up and hit my stop for -18!! A

May 16, 2008 1 Comment Full Story

Just a small bite of the profit cake – S&P emini trading blog

Just a small bite of the profit cake - S&P emini trading blog

I am suffering from man-flu once again!! I was ill two weeks ago also so I'm feeling rather poorly. Anyway, there's nothing getting in the way of me and my trading. I came back usual time today and shorted when I saw that the stochastics were turning.. I got in a bit late with an entry at 136175 and rode it to the round number 136000 for 7 prices. Nothing special! The market actually went lower and I left a bit on the table. At this stage, about 19:15 GMT, I was looking for a long trade (s

February 19, 2008 No Comments Full Story

US Bank Holiday – leave the markets alone!

It's the US Bank Holiday today.. in these times, the volume is light and it's easy to get spiked out so it's not worth committing any money. There was no real movement today, market just bounced about doing nothing in particular..  I'll be back tomorrow!

February 18, 2008 No Comments Full Story