Archive for the Trading Category
Another winning trade today...
I saw momentum towards the downside had dwindled and the market looked like it would make some movement upwards. I went long at 14622 with a stop at 14585 and a target of 14660.
Soon after my trade, the market went south and I was beginning to think it could go wrong and move towards the first support area at 14600 and if this failed, the 14575 level. My stop was at 14585 as I didn't want to take the loss or risk below the 14600 line.
My target was 146
April 28, 2009
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I saw an opportunity on the S&P, the price action had found a temporary base at just below 855 and the stochastics and MACD were indicating that a turn maybe on it's way. I am always a bit hesitant when trading the S&P as my stake size has a minimal size. However, when one sees an opportunity, a good trader needs to take it... so, being the best trader that I could be, I went for it and went long at 856 or nearabouts.
My two winning trades on GBPUSD and GBPJPY means that I had profit
April 27, 2009
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I'm trying to be very careful with trades lately, only picking those ripe for picking and I picked off two more successful ones today!
Both were GBP pairs, the GBPUSD and GBPJPY and both were winners, hence sterling by both counts.
The EUR pairs however were extremely weak and they were ideally the ones to have traded at the same time but the volatility freaked me out and I was playing cautious.
Anyway, here are my charts showing my entries and exits..
April 27, 2009
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