Posts Tagged Spreadbetting

AUDUSD – Got caught by the Stop Hunters

AUDUSD - Got caught by the Stop Hunters

  This is what Friday's trade looked like. You can see that a support was formed at around 10400 and I went long after the second bounce of the support level. Although the price action was still in a downtrend, I felt that we had a good chance of a good move up from this level and hence the long trade. However, I got stopped out as the price action pushed down below support taking out the stop and then finished above the stop again. This to me looks like a push to trigger the stops b

February 3, 2013 No Comments Full Story

Why it’s Important to be Consistent Trading. My Trading Results for the Week

Why it's Important to be Consistent Trading. My Trading Results for the Week

This week we had two trades.. AUDUSD long and EURJPY long. I'll go through both of these and why I entered. Firstly AUDUSD [caption id="attachment_7671" align="alignnone" width="580"] Long AUDUSD[/caption] I went long here as the market had found a base.. it had retraced after a move up and I thought it would actually move above the previous resistance point at around 10600 and if it did, a huge move above. The following day, the market indeed shot up and if I was cautious and doing my

January 27, 2013 No Comments Full Story

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

How I just grabbed a small fraction of the 300+ points on the Stock Market crash today

So it was an Obama victory and the Dow Jones fell over 300 points!! It was spectacular fall and a mass of profits to be made for those short. I actually had the perfect entry on this trade. I was short from 13230, near the close of yesterday candle. The market was in a downtrend on the Daily chart and you can see that the price had reject the 13300 level 3 times already and formed a resistance level. The thing about trading technical signals is that I don't really care about what's happeni

November 7, 2012 1 Comment Full Story

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