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Two trades today. I shorted at 146925 as I saw the stochastics cross. However, I was a bit conscious that the market was so bullish today and any countertrend would be short lived. I took a measly 3 points.
The next trade was a buy as the price action bounced off the 5 day EMA line. All day it had been above this line. I got in at 146850 with an initial target of 147100. However, when the market got to 147000, I took profit after seeing a heap of sell orders above this level. As soon as I
November 28, 2007
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Hi All,
It's hard to learn to trade without a mentor but you can learn a lot from successful traders. I found this website which has a heap of interviews with traders. It's an excellent learning resource so I suggest a visit
http://www.traderinterviews.com/
November 28, 2007
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I got home a bit late today. There were some shorting opportunities around the 143000 levels today, a triple top pattern.. however, I was not about to take advantage of these.
Anyway, I was quite patient today and entered a short on below the previous swing low at around 141875. I had just about opened my trading platform at this stage so couldnt put in an order to enter at below this level, when I had manually clicked sell, I had got in at 141800.
I aimed for the 141500 level at the first
November 27, 2007
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