Archive for the money Category
I went short on the break of the support line today at 11430. I was so sure that we would see a huge move that I went in 3x normal size. The market moved 10 points my way and then reversed tricking myself (and I'm sure a lot of other shorters), taking me out at 11455 for the equivalent of -25 x 3 = -75! Ouch!
The moral of the story is to always bet the same size for each trade.. afterall, you just never know what will happen as we see today. The markets are notorious for doing this sort of th
July 21, 2008
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I just found that you can watch full streaming episodes of Wall Street Warriors on http://www.hulu.com/wall-street-warriors
The only problem is that it is only available for US residents... this is a real shame as it was a fantastic show showing the lives of traders and those who play a part in Wall Street.
Anyway, for those in the US.. visit the link and enjoy.. the rest of us will just have to wait to see if it becomes available.
July 20, 2008
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The markets have been looking rather choppy lately and have been rather difficult to trade. Anyway, last night the only market which looked relatively clean and non erratic was the AUD/NZD chart. I went long at 1.2600 and got out at 1.2660 for +60 pips which isn't a bad result considering the markets currently.
The stochastics action looked clean and the short term price action looked ripe for some movement up. There was some previous resistance (as you can see from the chart) at the take pro
July 2, 2008
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