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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 also put in a short trade on the CHFJPY with a trailing 50 point stop loss. The market hit a double bottom at 100.18 and has bounced up to hit the 61.8% Fibonacci level. The stochastics have also crossed towards the downside. All looks good you may say.. however, I am not 100% confident of this trade for the following reasons:
The stochastics crossed at the 60 level. A clean cross should happen either above 80 and move downwards or below 20 and move upwards
Very strong upwards momentum
June 2, 2008
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I missed a hell of a lot of the action today.. the market had already fallen loads and there were just a mere few scraps to be traded with.
Today was a short day so I was looking for a chance to short the S&P and the opportunity came when the market bounced off the Fibonacci level in the 5 minutes. This also coincided with the stochastics cross and I went short. I didn't get the best price and also with the spreadbetting spreads my price wasn't great. However, I rode it down to around 138
June 2, 2008
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Remember the trade I put on at the end of last week, a short of the EURCHF where I took 40 points? For those that missed it, it is here http://www.makemesomemoney.co.uk/2008/05/30/another-eurchf-trade/
Well, I looked at it today to see what it could have been and this is what the chart looks like:
Blimey, I missed out on some serious number of pips... about 150 or so!!!
June 2, 2008
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