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Bank holiday trading
2008-03-24 17:55:00 Hi All, Today is Bank Holiday Monday in the UK and in my previous post, I mentioned that I don’t like to trade the market during these times. Best to wait for the traders to come back with some volume to start again. Well, that’s certainly for the markets which are directly affected by the UK bank ... More About: Trading , Forex Trading
Trading and Bank Holidays
2008-03-21 14:15:00 Hi All, In the UK, it’s now Easter weekend. I’ve learnt from past experience that volume dries up and markets tend to be choppy and prone to false breakouts, whipsaws etc. I didn’t trade last night (and hence no update) and I wont be trading today or Monday. I should be back on Tuesday and keep to ... More About: Holidays , Trading , Bank
US market is giving up it?s gains from yesterday
2008-03-19 20:50:00 Yesterday we saw a tremendous rally on the US front after the Fed cut interest rates 0.75 basis points. Today, I got home a tad late due to delays with the London Underground system and also due to the time differences, the US market closes at 8pm GMT meaning that I have a hour less trading ... More About: Market , Giving , Yesterday , From Yesterday
Keeping the emotions under control - daytrading the S&P
2008-03-18 21:05:00 Today was Fed day and I had come home after the announcement. I’m always a little wary of what the Fed does to the market but I entered long at 131000 after stochastics had turned upwards with a target of 132000. This hit target in a matter of minutes for 40 prices!! Hoorah! I kept on ... More About: Emotions , Control
Almost a full day?s trading
2008-03-17 23:57:00 I had a day off from work today and I thought I’d try and sit through a whole session trading. However, what happened was that I traded the FTSE in the morning, then went out for lunch and then back in the evening again. I traded the FTSE early in the morning It was a quick 10 ... More About: Trading , Full
Best profit to date on live*
2008-03-14 20:43:00 Hi all, Note the asterisk. I am on the live account but I have no margin so the account doesn’t work currently. I spreadbetted my entries however and did very well. I am pleased with my result. If you look at the charts, both 5 and 15 mins stochastics were heading higher after being oversold. Having two ... More About: Profit , Live
Some good and bad news!! S&P Emini trading
2008-03-13 00:16:00 Hi All, I just wanted to drop you a note to let you know that I’m still here. This week has been rather hectic during the 9 to 5 job. In fact, I’ve had a whole week of conferences and then entertaining in the evenings. So much so that I’ve been getting home and preparing presentations ... More About: News , Trading , Bad News , Good
Trading platform broke!!
2008-03-10 23:58:00 Today my trading platform broke down.. I spent over an hour with the person on support to try and get it fixed but still no luck! By the time it was sorted, it was 8.30pm GMT with only 30 mins before the closing bell so I just left it. However, I did trade my spreadbetting account ... More About: Trading , Platform
Volatile markets but opportunity knocks!
2008-03-07 21:36:00 As I mentioned yesterday, a move below 130000 would be huge with a target of 126300 or so. Anyway, I was a bit delayed getting home today and missed all the action… well, almost! The market initially dipped below 130000 and bounced right back up.. if you caught the short this time, you could have rode the ... More About: Markets , Opportunity , Opportunity Knocks
Sorry, Warren Buffett is the richest man in the world!
2008-03-06 23:41:00 The other day, I wrote about Warren Buffett being the 3rd richest man on the planet… I stand corrected, he is now the most richest man on the planet with a net worth of $62 billion.. he made $10 billion last year!! To read more, go here http://www.forbes.com/home/lists/2008/03/ 05/richest-people-billionaires-billionair es08-cx_lk_0305billie_land.html More About: World , The World
No trading today - went out instead!
2008-03-06 23:22:00 Yep, no trading today.. I went out for dinner this evening and took a break from it. I’ve come back to see what happened today. From the charts, it was a slow and gradual drift downwards. The next area of support is 130000 and if it breaks this, we could see a very quick fall ... More About: Trading , Today
Up and down, luckily I was on the right side of the market! S&P Emini tradi
2008-03-05 21:48:00 I was thinking of how I could filter my trade choices so that I can eliminate the crappy ones and only get in when I should be and not for the sake of it. Anyway, as you know, I like to enter reading stochastics and anticipating when they turn. I’ve not used the 1 min stochastics ... More About: Market , Side , The Right Side
Break of channel, market explodes to the upside
2008-03-04 22:07:00 The market was looking extremely choppy when I got home.. the only thing I notice was that the market was in a trending channel.. you could have sold at the top of the channel and sold at the bottom of it for profits. When the channel broke, if you had spotted it, you would have gone ... More About: Market , Break , Channel , Upside
Choppy markets but still some profit to be made! S&P emini trading
2008-03-03 22:06:00 I am still on the simulator.. I’ve emailed my trading mentor but not a squeak from him as yet! Anyway, I made a few trades today. The first trade was a long at 132850 which was a short term double bottom. The stochastics in the 5 mins were starting to cross at this stage. I had targetted ... More About: Markets , Trading , Profit , Made
Warren Buffett - Worlds Second Richest Man - Interesting Facts
2008-03-02 22:49:00 Warren Buffett is the second richest person on this planet and despite this, is probably the most frugal person in the world!! He lives in the same house he bought in 1958, earns a measly $100,000 USD (for a CEO) and just enjoys the simple things in life. Someone sent me a PDF with all of ... More About: Interesting , Facts , Ebooks , Warren Buffett , Warren
Back in profit on simulator
2008-02-29 21:58:00 I got today off so I went out for some shopping and then got back around 3pm for some trading. I made a series of trades.. My first trade was a long at 134525 with a target of 134775. The market did go up but didn’t hit my target before it started to retrace. I got ... More About: Profit , Back , Simulator
Profit!! Just! S&P emini trading
2008-02-28 21:22:00 The markets were looking to head upwards and I put on a long at 136850 with a limit at 137050. It hit target for +9 but then shot up even more to 137400… darn, I left a lot on the table! The second trade was a short as I saw that the market had made a ... More About: Trading , Profit
Back to the simulator and back to winning!
2008-02-27 21:33:00 Typical, I go back to the simulator and make profits! I went long at 137775 with a target of 138000 and stop at 137550 and took 9 prices. The 5 mins stochastics were on their way up and the 15 min chart stochastics was oversold and I expected some movement up soon. Then I went long when ... More About: Back , Simulator , Winning
More mistakes - S&P emini trading log
2008-02-26 22:07:00 I have shown just my entries in my attached chart… it was another bad day! I entered long where the arrow is green at 138425. I could see that the 5 min stochastics were in oversold territory so there would be a move upwards soon.. was it here? However, if I paid more attention to the ... More About: Trading
Back to the drawing board!
2008-02-25 20:41:00 This was kinda my trade today.. I don’t seem to be doing well again all of a sudden… I kept on seeing a top and trying to time it for a ride down. However, I was wrong 3 times. I should have been a bit more careful as the 15 min stochastic was clearly showing a ... More About: Drawing , Board , Back
The trend is your friend until you reach the U-bend!
2008-02-21 21:31:00 I’m sure that how the saying goes. My first trade of the day was a trade against the trend which resulted in a loss of 12 prices… drats, it wasn’t a good trade. I seem to like to play the countertrend trades.. not the smartest thing to do. I made 5 trades in total today, I won’t ... More About: Friend , Bend , Reach , Trend
FOMC - Pants! S&P Emini trading
2008-02-20 20:57:00 At 19.00 GMT, the FOMC made it’s announcement.. I had no idea what they announced but the market didn’t really do that much. I entered short when the market went below a previous support level at 135000.. unfortunately, it soon bounced back up and I had to nurse a 16 price loss! Ouch! My trade wasn’t ... More About: Pants , Trading
Just a small bite of the profit cake - S&P emini trading blog
2008-02-19 21:08:00 I am suffering from man-flu once again!! I was ill two weeks ago also so I’m feeling rather poorly. Anyway, there’s nothing getting in the way of me and my trading. I came back usual time today and shorted when I saw that the stochastics were turning.. I got in a bit late with an entry ... More About: Trading , Blog , Profit , Cake , Small
US Bank Holiday - leave the markets alone!
2008-02-18 20:41:00 It’s the US Bank Holiday today.. in these times, the volume is light and it’s easy to get spiked out so it’s not worth committing any money. There was no real movement today, market just bounced about doing nothing in particular.. I’ll be back tomorrow! More About: Markets , Leave
15th Feb - A whole trading day! S&P emini futures trading
2008-02-17 00:34:00 Every now and again I get a Friday off and if I have nothing on, I dedicate this day to trading the S&P emini futures contract. Sometimes the problem with just trading the evening session is that I find that I have missed the days major move and then I get into the market wanting ... More About: Trading , Futures
Conflicting signals
2008-02-14 21:20:00 I came back today usual time! The market was a down day, so the idea is to sell at the pullbacks. When the market had bounced off 135175 at around 6pm GMT, the market went high and made a doji candlestick pattern. The doji candlestick could signify a reversal and it could have potentially been ...
Currency Trader & Futures and Options trader - Feb copy out now
2008-02-13 23:26:00 Just to let you know that February’s issues of Currency Trader magazine and Futures & Options trader magazine are out now. Best of all, they are FREE!! Get your copy here… fantastic!! Currency Trader Magazine Futures & Options Trader Magazine More About: Ebooks , Free Stuff
Hoorah! Second successive winning session in my live trading
2008-02-13 21:30:00 I missed a lot of the action yesterday but back to it again today. I got home as normal and watched the market make a double top at 136675. I entered manually as I wasn’t sure if the market will get higher. When I thought it wasn’t going any higher, I hit the button to ... More About: Trading , Live , Winning
Missed entries - a potential winning day!
2008-02-12 21:10:00 I came home a little later than usual today, it was a trip to buy the other half something for Valentines day. I got home at about 19:30 GMT.. by this time, I had missed a move at about 19:00 when the market made a double stop near 136000. A short sould have been very nice! ... More About: Winning
Cautiously does it - S&P Emini trading blog
More articles from this author:2008-02-11 22:01:00 For those following my blog, you would know that it is my 3rd time going live and I really don’t want to go back to the simulator. As a result, I was extremely cautious in my trading… this can be a good and bad thing. My first trade was a short at 134000.. I was so eager not to loose that I close the trade early for a net zero amount when it looked like it was going to go wrong on me. However, when I thought that the market was definately going to go down again, I shorted again but this time got a worse price at 133950. I rode this to 133725 which was just above the round number and also near some MA lines on the 5 min chart. However, the market fell to 133500 or so. When the market bounced off 133500, I was tempted to enter long. However, thinking of my positive +10 price profit from my earlier trade, I really didn’t want to lose any profit so I left the trade. This was really unfortunate as the price rallied from this mark… this is the blue arrow on the... More About: Trading , Blog 1, 2, 3, 4, 5, 6, 7 |
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