Archive for the Trading Category
I came in after work today to find that the market had jumped over 100 points to 13140. I was thinking at this stage that the market had run out of steam.. the peak at 13140 showed negative divergence in both stochastics and MACD charts in the 5 minutes. I waited for a break below 13100 for a short.
Anyway, I got in at 13100 and rode it 20 points before closing out at 13080. The stochastics in the 1 min were oversold and I was thinking that they could go up anytime soon. However, 5 mins a
May 19, 2008
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I haven't been trading enough this week so I was eager to get stuck in today.
My first trade was a short at 12922... the market had already come off a 50% Fib level and I was thinking that it had further to go. I had missed the move as it fell (as I had only got in at 6.30pm GMT).. I quickly opened the short but didn't check to see that the stochastics had almost reached the oversold level. This was frustrating as I sold right at the bottom. The market went up and hit my stop for -18!!
A
May 16, 2008
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I don't usually buy shares as it's buy and hold and sometimes you have to wait ages for it to move. I also think that shares are driven by fundamentals and news driven.. you just don't know what a company may report!
My personality suits daytrading (though I'm not a Greg Coffey or Gordon Gecko) in skill, only ambition!
Anyway, about 2 months ago, I was looking at a share called Tower Resources and there was speculation that there were some large prospects there. I am not usually keen on
May 15, 2008
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