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Well, I didn't!! In the past I have done so and have won loads and have lost loads also. If you spreadbet then you find that you can't get in and out as quick as you like and you can be stuck in a losing position.
Anyway, as mentioned yesterday, we were told by our trading mentor not to trade today unless it's past 7.30pm (GMT) and that's only if you really have to and see something. Well, the market has move strongly to the downside and now my indicators are all indicating that the market is
December 11, 2007
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Today, I had a little time at work and saw some opportunity and made two trades on the Forex market.
The first was a short of the AUDUSD at 0.8890 early this morning. The reason for the trade, a double top formation in the 15 mins with negative divergence showing in the MACD chart.
Then I shorted the EURUSD chart at 1.4708.. once again, another double top pattern. The entry for this one wasn't as good as the AUDUSD trade but still, I was happy with it.
I had set up my stops for both and
December 11, 2007
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Well, I had my chat with my trading mentor earlier today and I am set up to trade live. We spoke about positioning and trading 1 contract.
The maximum loss each day is $200 which amounts to 20 prices or so.
Anyway, initially I felt a little nervous, this was real money on the line and I take a 50% cut in any of the profits. I got to make this work and there is the expectation now that I've graduated and trading real company money.
My first trade was a standard one on the break of a pr
December 10, 2007
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