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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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That's how I'm feeling at the moment! It's funny how the joy of winning doesn't compare with the feeling of depression and despair of losing.
I did ok yesterday and today, I lost but I feel much worse today than the joy I experienced yesterday. In fact, I expect to at least be up every day so unless I make a lot of gains, I don't feel any joy or pleasure in my trading winnings. For those that follow my blog, you'll notice that I can't seem to ride those winners well so there is hardly ever an
May 20, 2008
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I came in after work today to find that the market had jumped over 100 points to 13140. I was thinking at this stage that the market had run out of steam.. the peak at 13140 showed negative divergence in both stochastics and MACD charts in the 5 minutes. I waited for a break below 13100 for a short.
Anyway, I got in at 13100 and rode it 20 points before closing out at 13080. The stochastics in the 1 min were oversold and I was thinking that they could go up anytime soon. However, 5 mins a
May 19, 2008
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I haven't been trading enough this week so I was eager to get stuck in today.
My first trade was a short at 12922... the market had already come off a 50% Fib level and I was thinking that it had further to go. I had missed the move as it fell (as I had only got in at 6.30pm GMT).. I quickly opened the short but didn't check to see that the stochastics had almost reached the oversold level. This was frustrating as I sold right at the bottom. The market went up and hit my stop for -18!!
A
May 16, 2008
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