Archive for the Trading Category
As I mentioned previously, I closed the EOD trade earlier today for 4.3 points. This actually was about 8 points at one point and reversed.
If I had left the trade to completion today, I would have made 2 points or so which means my manual intervention today was lucky! I made more than the system.
Anyway, todays trade is a buy at the close. I got in at 1561.6 (spreadbet prices) with a target of 1565 and a stop at 1521. The stop is quite high but it is there to catch any major disasters in
October 10, 2007
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Hi All,
If you read the last message, you saw that I have started testing a new EOD S&P trading system.
You basically buy or sell at the close each day (ie 9pm GMT) with a target and loss. Last night, a signal was to sell the S&P with a target of 1550.
I sold at 1564 last night and indeed, it did drop. I got out at 1560... this equates to 12 prices on the S&P emini.
Ok ok.. I didn't follow true to plan as the idea to leave it until it either reaches the target or you get
October 10, 2007
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Morning all,
The GBPUSD went to hit target for 74 pips and the GBPJPY last night hit the stop and closed for a scratch trade.
I'm also testing a new EOD (End of Day) system on the S&P. It's a black box system and will keep you informed on it's progress. It requires putting in a trade at 9pm GMT each day. So far, I'm short on the S&P... I don't feel that comfortable with it as we've made new highs but I guess we can expect some sort of retracement (which I expect this is trying to
October 10, 2007
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