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I was looking at triggers for a trading strategy and asked AI to give me some ideas.. here's what it said
Here are several potential trading trigger ideas that could capitalize on momentum and market psychology:
Failed Double Top/Bottom Pattern
When a second peak/trough fails to r
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So I've been using the Dow Strike trading robot now for a couple of months and here are the results! 37 days of trading, 34 profitable and 3 losing.. made a total of $12,821.58 on a $100k account.. that's a 12.8% return in 2 months! It's particularly active from the US open and can open up 20-50 tr
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I have an associate, some guy I met online who I talk to about trading... he's an interesting character and one of the best traders that I've ever known. I'd like to say he's a friend as we do share a bit of information about each other besides our interest in trading but I've not met him in person
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![New Free Trading Magazine - grabs yours here]()
The June 2010 issue of Traders, a magazine for people interested in trading is available. Best of all, it's free, all you need to do is to head to http://www.tradersonline-mag.com to grab your copy!
This month the cover story is about high-frequency trading. Other topics are swing trading strategies, using different stops for greater profits, pros and cons of short strangles, head and shoulders pattern. My favourite bit is the trader interview and this month, they have Mike Baghdady who wro
June 13, 2010
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![11th June GBPUSD - 4 to 7 trading system]()
Today, the range bars was rather narrow... just 30 pip range which is tiny...
The upper range line was 14737 and the lower bar was 14707
The market did break towards the upside triggering the long.. however, the target was 14767 but the highest it reached was 14759 before it collapse. This meant a 30 pip loss. However, the short which followed was good netting 30 pips resulting in a stratch trade day.
I have decided that I need to be disciplined and this involves trading the system tire
June 11, 2010
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![The 9 to 9 trading system]()
So this is the official name for my new system that I am running on the blog. I call it 9 to 9 as it draws the high and low of the chart movement between 9am and 9pm GMT time. The breakout system then goes long if it breaks the upper bar and short for the lower bar.
I traded it yesterday for a healthy profit. This system has a higher pip stop than my usual system so each trade is half the usual size which amounts to around 5% of my trading pot, money management is important!
So today, the
June 10, 2010
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