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
Read Full StorySo 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
Read Full StoryI 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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I don't tend to trade Bank Holidays as volumes are low and traders are generally off taking long weekends. These are times when the markets can do funny things. I didn't trade today but in hindsight, our system would have worked and bagged our 30 pips. For reference, here is the chart, the upper line is at 14493 and the lower at 14444. The market hits a high of 14550 which is almost 100 pips.
Friday was coming up to the Bank Holiday weekend. A lot of traders will pack up early and go on a nice long weekend break. Usually volumes are low but I thought I'd put on the usual trades today.... It was not a good day however, you can see that the long trade was initiated at 14568 and it peaked at that point at 14592 (24 pips) before falling and hitting my stop. The short trade was at 14521 and went to 14491 (exactly 30 pips but including my spread, my stop wasn't hit) and went up. I ha
Today wasn't too exciting........ I was rather miffed about yesterdays double loss so hoping today would bring back some results. The lines were at 14488 and 14402. The upper bar was breached and the long trade was initiated... an easy 30 pips were bagged. However, the market initially went to 14541 before a smallish retrace and shot even higher to around 14587 (100 pips) before falling all the way down.. it wasn't too far from the lower of my lines and if a short was initiated, it would have
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