Recent content by danfreek

Sprea betting is a good way to get access to the markets while still learning. I use capital spreads and have been very happy with them. While I'm still learning, I am starting to make progress with my trading to a point where I will soon be taking an income from it. It has however taken me a...

Monday The market is finally moving. Today needs to be an up day really to get the momentum up. We're nearing my target of 3 times the stop loss. At that point I'll start protecting the trade by moving my stop up as the price advances using support levels and volatility measurements (mainly...

Thursday Ok, so I'm still in the trade that was triggered after the last one, even after yesturdays spike, fortunately not taking out the low from a few days ago. The setup for this trade was amazing, all of my indicators etc were giving a green light for this one. So I'm expecting some kind of...

Out at BE This morning the market dove to hit my BE stop. Shame, but never mind. It's actually set up a new signal to buy, so as of the close I'll get my order in based on todays high and low etc.

Wednesday Yesturdays candle cancelled most of Friday's move. Today's action is regaining that ground though. So although yesturday looked like a warning sign, it may not be the case. I don't like the speed at which this trade is moving, the quicker a move happens, the more decisive and...

Tuesday Yesturdays candle isn't very optimistic, but we'll have to wait and see how the price action plays out, nothing is being very conclusive at the moment. I've moved my stop to break even.

Monday Clearly I enjoyed Friday, but it's not over yet. The open today is down, but that doesn't really tell us anything. I'll have to wait until the close today to comment.

hanging around The FTSE seems to be hangin around just below my entry price for the trade. Very frustrating watching, but I can't do anything until it either hits my stop or my limit. I don't like the look of the market when it's refusing to move, it gets very unpredictable, low volatility...

another spinning top Another spinning top yesturday (almost a doji) indicating further indecision. Not what I wanted to see, but that's irrelevant. Again, we're just waiting for a decisive move by the market. I really dont want to see another spinning top or doji. As the chart stands as I'm...

staying afloat The action yesturday gave us a spinning top at the high of the previous day. That indicates some indecicion within the market. That's not automatically a bad thing, it really depends on which direction it starts moving in when it actually begins to pick up momentum. There's a...

Hey Taz. Good results so far. It'd be interesting to hear how your picking your trades and managing them. Like, what kind of indicators, charting method etc are you using? Cheers, Dan

No action Well, the trade went through on Friday. I'm now long on the FTSE (UKX) at 6568. I'm not even going to try to comment on intraday action, but it's not looking unhealthy at the moment. Unless there's a real rally at the end of the day we're not looking at very comfortable signs, but the...

Thursdays high was hit for me on Friday (trading with capital spreads) so I'm long at the moment. Cheers for the heads up about the thread Jon.

back and proud Right, I'm back! It's been a long time, and absolutely noone has been waiting for it, but hey, regardless, I'm here. I decided that I needed to take a little break from trading. I started to see it as easy money, and that's not true, never has been. As a result my results...

losing is learning Baruch, the problem was that I wasn't defining risk properly. I was using loosly defined support and resistance levels, and I didn't stick stricktly to them. It's a stupid mistake, it's one I have never made before in my trading, but for some reason I went down that road this...