Archive for the money Category
I got my Friday off and therefore had more time to trade. I made a series of trades as you can see from the chart.
First trade was a short at what I thought to be the forming of a triple top. The price action had indeed moved down a tad and I had caught it a bit late.. the market had reversed and went up to hit my stop for -8! Ouch!
My second trade was a stop and reverse. As the failed top patterned emerged, I went long above the break and caused +7 prices...
Third trade was a short at
April 20, 2008
No Comments Full Story
I didn't tell you guys but last week I received a letter from my trading academy to say that I was 9 months into my trading program and that I had the end of this month to restore my account back to above negative. I had racked up almost $4000 in losses for them on the live trading account and it's only in the last 3 weeks or so that I'm starting to understand the mechanics of how trading works. I really feel that I can make it work but with only 2 weeks to go until the end of the month, it's ve
April 14, 2008
1 Comment Full Story
Today wasn't a good day.. I'd been doing rather well recently and today, I let myself down. It was an obvious mistake in hindsight but the markets aren't very forgiving.. you make a mistake and you get taken to the cleaners.
As you can see I went long at the two positions as shown. The stochastics were turning and I thought this would be a good entry. The market did move my direction for a little while and then hit resistance. The orange resistance line was something that I didn't see when I
April 11, 2008
No Comments Full Story
« Older Entries
Newer Entries »
