Posts Tagged stock market

Time to go long on the DOW?

Time to go long on the DOW?

I went long on the DOW the other day, see the daily chart of the Dow below... it had hit support and the second time it did so, there was a pin bar pattern indicating strength with the buyers. The second day, you can see continued strength but today, there has been some selling. I went long at the break of the nose of the pin bar and my stop is 5 pips under the bottom of the pin. The trend is down however but this is a reversal play. It is risky considering how weak the market is but this could

May 25, 2012 No Comments Full Story

Sold Silver for a 1:1 risk:reward profit

Sold Silver for a 1:1 risk:reward profit

I decided that I was going to short silver today, my entry was at 3200 with a stop above the previous high at 3220. My target was 3180 which is a 1:1 trade. Also 3180 was a support level which you can see in the 15 minute chart. You would expect a bounce at this level but you never know how far so I rather take my profit here. I have found that by taking at least a 1:1 trade you have a chance of making money. If you get into the habit of any less than this, you will be sure to lose mo

March 29, 2012 No Comments Full Story

Stock Trading Ideas for 11th April 2011

Stock Trading Ideas for 11th April 2011

Lately I've been doing a lot of experimentation on different trading systems and timeframes. I particularly like a hands off approach giving me time to enjoy life. I'm particularly fond of set-and-forget systems and one which was performing rather well is the Forex Morning Trade - click here if you want to have a look at it Anyway, I'm also looking at swing trade FTSE100 companies using just a 6 day and 21 day moving average cross. I've done some backtesting and although it is very sim

April 9, 2011 No Comments Full Story

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