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We've seen the DOW propped by up support around 12400 for all of last week and when it broke today I had a short at 12360 which was trigger. It was looking well and at one point I was already 60 points up. Now the markets always seems to find support at big numbers so at 12300 it bounced.
I expected this but with a nice clean break to the downside, I didn't think it would bounce that high. I had an initial 80 point stop which I moved down to entry when the market hit 12300 but then hit exactl
July 18, 2011
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One of the reasons why I post my entries and exits is because it doubles up as my trading log of what I'm doing. I can learn from my mistakes (hopefully) and this should in the long term make me a better trader.
Today I got some good entries but I didn't follow my gameplan which would have left me still in the trades. This was for both the below trades GBPUSD and GBPJPY.
I had entered both short. The GBPUSD I entered on Friday morning and I didn't feel completely confortable with it as Fri
July 18, 2011
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I mentioned that I would follow the DDFX trading system which works as an Expert Advisor in the Metatrader 4 trading platforms and provide a review on it as it is tested. On Friday there was a short entry with the arrows lining up and also 3 red trend bars (the last one is a sentiment bar and doesn't need to be taken).
Let's see how this pans out. I'll be taking the trades as I see them and keeping you updated.
July 17, 2011
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