Indices

As I’m getting more organised I manage to avoid trading every day without feeling sorry about. As you can see from my blog sometimes I just trade a few times a week but sometimes I have a chance of trading 5 times a day.

Today was an exceptionally great day. Had lovely positions on FTSE100, the Dow and Brent Crude.

Have a look:

1. Bought the Dow at 12,552 with a stop loss at 12,480 which had a decent support. I’m afraid I closed it too early at 12,591.

2. FTSE100 has a great support about 5,870 and I thought it was a great opportunity to enter. Once again exited too early at 5,910.

3. Oil at last… entrance for US Crude June at 97.90 and exited at 98.90 by moving stop lost to 98.10 and then to 98.90.

Please note that FTSE100 and US Crude position were triggered by orders while I was still asleep. It just underlines how preparation and orders are important to place successful spread bets.

Remember, it’s not what you trade but how you trade it. Some people think they need 0 spreads to be successful but it’s not the case. How do you expect financial spread betting companies to make the profit?

Markets seem to be in a free fall and it seems there’s not a single asset class that is not crushing.

Commodities and indices are heading south and there’s no recovery in sight. Put an order to buy FTSE100 at 5,890 with a stop loss 5,850. If it manages to break 5,850 level it’s better to sit on the sidelines till it reaches 5,700 as 5,500-5,600 seems to be a strong support level and it’s highly unlikely it will manage to breach it.

Only currencies have some volatility and EUR/USD in particular. Tried to sell UER/USD at 1.4874 but got stopped out at 1.4893. Second sell at 1.4896 was more successful as closed half the position at 1.4890 and the second half at 1.4836. Early loss is recovered.

US Crude looks interesting now but stop loss should be about $105.50. If it breaches that level… only way is down.

It’s pretty quite today so I’m looking for some decent opportunities for scalping (getting 5-10 points at most).

For example, I just went short on the Dax at 7176. Will see how it goes.

There should be more action around 13:30 and then when US markets open but for now nothing is happening…

This week has shown some volatility in forex and indices. It would be a crime not to take advantage of the markets.

It seems to me that I will have quite a few trades today.

1. Sold EUR/USD at 1.4512 with stop loss at 1.4533 with limit stop at 1.4450. If the stop loss hits I will keep going short and re-enter at 1.4512.

2. Bought FTSE100 at 5,989 with stop loss at 5,979. Once again I will keep re-entering the market at 5,986 if my stop loss hits.

3. Ordered to go short on GBP/USD at 1.6363 if it goes above 1.6375.

You can see for yourself how successful my trades will be today as I will keep re-entering the markets.

It was a busy day today (Monday, 11 April). Had 5 trades today… I think it’s the biggest amount of trades I’ve ever had in one day.

It wan’t a very successful day and I ended up in the negative territory, I think I overtraded as I exited short trades on the Dow and GBP/USD too early.

Here’s the summary:

1. Sold GBP/USD at 1.6382 but stop loss kicked in at 1.6409.

2. Sold Dow at 12,426 but once again, the stop loss kicked in at 12,440.

3. Sold GBP/USED again at 1.6400 but unfortunately, I exited too early.

4. Sold the Dow again at 12,431 but again exited the trade too early at 12,410.

5. Finally, it was the worst move as I traded oil, tried to buy oil at 109.47 and stop loss hit at 109.47.