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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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Sorry I haven't been updating the blog for a while but everything has been really hectic! I am getting married very soon and have a lot of wedding preparations. In addition, work has taken over the rest of my waking time. I was doing extremely well trading the Forex markets and then, a glut... my trades were rubbish and I was losing money. From a 11 trade winning streak to a good run of losses... what was going on?
I search high and low for an answer, I look at myself to see what was going on
July 27, 2009
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As the annotation goes, I'm glad that I didn't take it.. the markets may well go south but from the initial point of where I thought could have been an entry, it would have been a disaster for a daytrade. The market shoots up to 161.90 before it dwindling around doing not much. A daytrader would be quite nervous at this stage.....
June 12, 2009
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The chart shows what happened after I closed. The price action looped ripe for another entry short to ride the market lower but I felt anxious....
I am just not sure what it is but my instinct tells me to be careful... I attribute it to a couple of things, all trading psychology related:
The possibility of losing my 47 pips that I have already made.. it's always nice to finish the week a winner!
The re-entry looks too obvious a trade... a bear trap perhaps?
Maybe I am thinking to
June 12, 2009
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