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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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I put on my usual breakout trade.. the entry was either going to be a short at 1.5438 or a long at 1.5465, both with a 30 pip limit and a stop loss at the other end of the channel. I am only trading one lot currently due to the fact that I cannot control the order once I have put it in on my iPhone. Most of the movement in the market happens during my commute into the office so it's pretty dangerous... until they can sort that on the iPhone trading, will I feel more comfortable trading it.
An
April 27, 2010
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Today when I had checked the markets, the GBPUSD had already moved up quite significantly.. this made my channel rather wide at 55 pips or so. I'm always conscious when the market has moved away like this as it should pullback before it makes another ascent. However, the market looked like it was heading upwards so when the market started to pullback, I entered long with a 30 pip stop and a 30 pip limit.
My entry was at 1.5453, stop at 1.5423 and target 1.5483. The pullback was deeper than
April 26, 2010
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Well, this is when you start to doubt your system... I started off trading this morning breakout strategy with some amazing success but this last week... couple with my own stupid mistakes of not following the system have really bashed my confidence in the system that I have been trading these last couple of weeks.
The morning breakout happened to the downside.. a short at 15321, with the usual 30 pip target and SL at the other end of the channel (60 pips in this case).
The short proved to
April 25, 2010
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