Welcome to Matt Sharp's Blog. This is all about TRADING. Trading the FOREX market and TRADING the Indicies such as the S&P and Dow Jones. We're talking "Day Trading" so we're in and out in maybe just a few minutes, sometimes a few hours but no more.
And, YES, it is PROFITABLE so take a read.......
You can IM me at "mattrsharp@hotmail.co.uk" and I'll respond asap
Small loser to kick the day off on the Dow but a small winner then another winner later got us just back into profit. Cable was much more kind with an easy winner. Combined video here
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Over 100 pips on Cable (Gbp/Usd) so far…..
August 27, 2008 – 11:05 am
The trades on the Dow were the usual stuff and up 10 tics after 2 trades so done by 9.40. Cable actually gave a losing trade for thse in the Uk and trading early but later gave a winner with one contract and the 2nd contract still running and now up 96 pips on that, plus 15, less 20 lost= 91 pips up. Cable video here and Dow here
Finally Got To Trade…….
August 26, 2008 – 11:42 am
Finally got a new phone line so back online. Trades on the Indicies saw a $55 profit (per contract) and 2 winners on Forex gave 30 pips inspite of it being a day of no real trends. Indicies Video here
Nice end to the weeks Trading
August 22, 2008 – 10:35 am
Both Forex and the Indicies made profts today. Forex had a couple of 15 pip winning opportunities and inspite of a losing trade on the Dow the S&P delivered a winning trade putting us just back into profit there. Video here
Forex Trades and Dow Trades Today…..
August 21, 2008 – 11:09 am
The first good trade on Cable was at 7.15 UK time when the maket broke up through the overnight resistance. There was a short trade at 11.30Uk but the trade I took was at 9.15 Est when there was a Buy signal that allowed the profit to be taken without a new high for the day being made.
The Dow was quite straightforward to trade today. Two winners giving 10 tics and all done by 9.35 Est. Video here
Two Winning Trades on the Dow and on Cable (Gbp/Usd)
August 20, 2008 – 10:27 am
An easy day today on both The Dow and Forex. The Dow gave us 10 tics and Cable 30 pips. Just a single video covering both.
Another slightly difficult day trading the Dow and Forex
August 19, 2008 – 12:36 pm
Surprise, surprise, markets that are “trending” are easier to trade than markets that are moving sideways. The Gbp has finally slowed, in fact stopped it’s steep descent of the last several days and given a move difficult market. Still managed a winning trade but patience was certainly needed. Video here.
The Dow is back on it’s move to lower levels and was kind enough to give us a more normal 2 winning trades by 9.40 Video here
Day trading the Dow and Forex - August 18th
August 18, 2008 – 12:51 pm
A very ordinary day today, on the Dow there was a losing trade then no chance to get that back as the market was pretty weird today with big moves followed by sideways action. The Gbp/Usd wasn’t much better but did manage to get just a single winner out of that.
Video of both here
Day Trading Forex and the Dow - August 14th
August 14, 2008 – 12:22 pm
More like normal today with just the usual single winning trade on Cable (Gbp/Usd) to get 15 pips and 2 winners on the Dow giving a total of 17 tics on that. Most, or least many, people really make trading hard by trying to wring every last drop out of a trade; they try and “trade” the move and “ride out” the corrections only to endup giving back most of what the market had given them at some point. The FiveTic philosophy is to take what the market is happy to give without working up a sweat. That way we are pretty well always moving forward without having to recover from losing days.
Todays Dow trades here and the Forex trades here.
I’m collecting my new motorcycle tomorrow so will be out playing rather than trading so back on Monday. Have a good weekend.
What a Day in Forex! Cable down nearly 400 pips!
August 13, 2008 – 11:37 am
The average range for Cable (Gbp/Usd) is around 150 pips. Following comments by the governor of the Bank Of England Cable fell like a stone. Didn’t make 400 pips but did take 12o pips on the first trade and 30 on the 2nd. Video is here.
The US stock market was slow in comparison and actually ended up down $20 (per contract) and switched back to the Fx market rather than slug it out in the S&P. Video here