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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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Today was another losing day which was extremely frustrating.. the short trade triggered first and then went straight up to hit the stop and then the buy trigger which immediately reversed to hit my stop... the total loss was 80 pips. If you look at the chart, however, you can see that I lost out just by a few pips. The trade today should have been the short which fell nicely a good 100+ pips.
The trading system has suddenly taken a turn for the worst and I'm considering what to do about it.
June 8, 2010
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Today I was a bit unlucky with the markets. I usually take the high and low of the market movement between 4am and 7am but I had set the high at the previous high at around 6am which I thought would be the high of the day.
Anyway, if you look at the chart you will see that my trade triggered at 7am for the long which then fell to hit the stop for -40. The short trade also went and it should have hit the target for 30 pips but including the spread and all that, I think I missed the exit by les
June 7, 2010
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The last 3 days were not good for the system and I suffered a 20 pip loss each day. As I traded Tuesday, Wednesday and Thursday, the total loss for the week was 60 pips! I didn't trade Monday as it was the Bank Holiday yet it would have yielded profits had I done.
It's times like this when you consider whether your trading system is going to work for you... the back testing has shown that 3 days in a row of losses is rare but when it happens, your confidence in the system diminishes and the d
June 4, 2010
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