Posts Tagged trading profits
I had opened a long trade on EURJPY a few days back after seeing some support around the 12700 mark. My entry was perhaps a bit premature as I hadn't waited for a confirmation of the support line. However, on the second day, the price actually moved down to support again and tested it (at this point, my drawdown was around 100 pips). This would have been the better place to have gone long but looking at the chart, I would have probably entered at exactly the same price.
Anyway, the follow
May 2, 2013
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For those who read my last post, you would have noted that I had shorted the DOW when it failed to remain above it's previous high. To me, this showed weakness in the market and a good chance to sell. I had a 140 stop on the trade and what is interesting now is that the profit on my trade now is 140 points.... if I close now, I'll have a 1% gain on my account in the bag which would be nice. I am actually holding out until around 13000 which is another 70 points away but it also depends on wh
August 23, 2012
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Well I was able to enter the Crude Oil trade last night... seems that the market closes for a couple of hours and reopens at 11.00pm UK time. I entered as soon as it was open and got a price of 9342.
You can see from the chart that resistance there showing selling..
I showed the lowest price of today which would have netted 172 points but it's impossible to know when the trend is going to end and you need to give the trade enough room move.
However, by using the 15 minute charts,
August 10, 2012
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