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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This was my trade today.. two long entries at 1.5433 with a target of 1.5463 and 1.5493 with a stop at 1.5397. The annoying thing is that this was hit and I ended up down 2 x 30 pips loss. You can see that the market then went up and would have hit target 1 and just shy of target 2. Most annoying but there you go....
April 14, 2010 Comments Off on Stopped out GBPUSD trade for double whammy! Full Story
Hope you like the title of the post! It's my attempt at some rhymning! I hope my chart diagram makes sense below. My strategy now is to trade two lots at the entry price, one has a target of 30 pips. The other has a 60 pip target which, when the first trade hits it's target moves the stop loss to entry (to hedge from any loss) and then hopes to grab the 60 pips. Well, the first target was hit for 30 pips.. yay! The second trade still runs but the stop moves to entry. However, the market sp
April 13, 2010 Comments Off on GBPUSD trading – one win, one loss but no money lost! Full Story
My morning trading system which I am using lately has been working pretty well... the more you commit to it, the more confidence you have in it.. however, it is important to stick to the system to ensure that you are indeed trading the system.. otherwise, you're not trading the system that you think you are... hmm, sounds a bit philosophical! Anyway, I thought I'd stick to the system and try something new today... I would open two trades at the same entry. The first would target 30 pips and t
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