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Archive for the ‘Trading thoughts’ Category

Why trading is difficult

Posted in Trading thoughts on May 30, 2008 | Leave a Comment »

Why is trading just so darn hard? I know its not just me – there is something I read in Mark Douglas’s book, The Disciplined Trader (hard work but worth it) about the way we create our own trading environment mentally, you are trading not the market – but yourself. This was a [...]

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Sunday review

Posted in Sunday review, Trading thoughts, tagged , , on April 13, 2008 | Leave a Comment »

Hello there, as no trades on I thought I would say that I’m waiting for Gold to sell off some more and the softs to base pattern before trading again…
Some people reach this site from funny searches, the best yesterday was, “as of April where is the great bull” ! Indeed… the bull is having [...]

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Trading a Bollinger Band!

Posted in Spreadtrading approach, Trading thoughts, tagged on March 28, 2008 | Leave a Comment »

A couple of quick trades to update the blog, which are:
Short gold: This was a good trade on the basis of a break of the 9 day ema at $983, it soon crumbled all the way to $904 but I closed out at $913 for around a £650 gain.
Short USD:Yen I never trade currencies [...]

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Positions update

Posted in Open positions, Trading thoughts, tagged , on January 31, 2008 | Leave a Comment »

Here is my open position as of yesterday, Coffee has gained today and made a high at 2128 before falling back some, as have silver, buying more at 1710.

Long DAX30 since closed for a loss of about £75 and also stopped out of £15/point NR at 106. Will buy back in as it moves [...]

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Fasten your seat belts…

Posted in $S&P500, General stocks, Trading thoughts on January 23, 2008 | Leave a Comment »

Now the purge has gone through the system and we are in deep oversold territory it is time to close those shorts and open a position to catch the rally.
Today is likely a reversal day and we could now rally for a few days or into next week.
Corn showing weakness – now at 469 hold [...]

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Too far too fast?

Posted in Trading thoughts on January 22, 2008 | Leave a Comment »

Rates lowered today, markets rally off lows. As expected rapid stimulus and easing which will lead to a nice relief rally and then another shorting opportunity. This is textbook stuff (“How to profit from selling stocks short” – O’Neill). I will re-enter a short position on the S&P500 once it rallies [...]

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Chickens come home to roost

Posted in Trading thoughts on January 21, 2008 | Leave a Comment »

Its not everyday you catch a 7% move in the general markets, but that what happened today, as the markets lurched downwards in Europe. Decided to close out the DAX30 trade at for 519 points on the day.
Still waiting for a bounce – maybe later in the week?
Looking around at the general carnage today [...]

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