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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 I didn't quite follow the trading plan but I don't feel bad. The price range was between 15355 and 15316. The price broke towards the upside, my price entry was 15360 and my 30 pip target would have been 15390. Although the market did top out around that level (if I include the spread then it may not have triggered anyway), I took profit a little earlier since there was no upwards momentum. I close with +16 profits and the market duly fell afterwards.
April 30, 2010
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The trading range today was 15178 and 15147. The market broke towards the downside and I entered short. However, it was a false break as the market then moved upwards to hit my stop.. ugh, 30 pip loss!
However, since the market then hit the top range, I thought I'd enter long since the move was so strong. It shot up to hit my 30 pip target leaving me with a net zero day!
However, the market continued to rally.. making spectacular gains of almost 180 pips! I need a system which could capt
April 29, 2010
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The graph today looks like a simple and straightforward set up... the upper barrier is 15288 and the lower band 15236. The market broke towards the downside and one would have claimed some nice and easy profit.. this is the trading system that I should be trading... however, I lost today!!
The biggest problem here was that I did not follow my trading system... to be a good trader, one needs to be disciplined and follow his or her system... I'd been talking about this and yet, I didn't follo
April 28, 2010
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