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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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If you study stock price patterns, no doubt you would have come across the W or M pattern. These are also double bottom or double top patterns and signify potential reversals in the underlying asset class.
If you want to read more, there's a nice article on Investopedia:
http://www.investopedia.com/university/charts/charts4.asp#axzz1WgQnxMpY
Anyway, these patterns can persist in all timeframes and I saw and traded oil with it last night.
You can see that oil price made a W (outli
September 1, 2011
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I wanted to put this post up to remind myself of a lesson which I seem to have forgotten and cost me today and that is... "ensuring that your stop is in the right place"
To be honest, I got a bit lazy and have been putting stops with my orders with no real analysis as to where they should be. I know some people and some of the systems that I use do have a fixed stop limits but this way of trading for me involves putting in stops in the correct place.
A stop is your 'yes, I am definately wr
August 30, 2011
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After last week I was cautious... trading systems in my experience don't work in all market conditions so when you get a poor trading week you know that the market dynamics could have changed. I'm more cautious when this happens and my way of testing the market is to scale down my trading and hence my choice to trade only the GBPUSD forex pair this week to see if we get a positive result.
Anyway, I'm glad to say that the week was positive, if only just! It gives me a bit more confidence to tr
August 29, 2011
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