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

Just an Average day Today…..

fxaug29.jpgHad a small losing trade on the Dow, followed by a very small loser on the S&P then good winner on S&P. Still finished before 10am and up for the day. On Forex cable was slightly unkind with a losing trade then a nice trade that allowed the trend to be followed on the 2nd contract to get 10 pips ahead overall for the day.

This entry was written by ForexDayTrading and posted on August 29, 2008 at 11:50 am and filed under Trading Forex, Trading Indicies. Bookmark the permalink. Follow any comments here with the RSS feed for this post. Post a comment or leave a trackback: Trackback URL.

One Comment

  1. Frinel Fainaru
    Posted August 31, 2008 at 3:47 pm | Permalink

    Here is an observation: At 8.15 AM there is an upbar that could qualify for an initiation trade if the peak at 4.30 AM is ignored. The previous peak at 5.45 AM is close to the 3 pips so one can wait for the peakat 5.45 to be slightly exceeded. If the 4.30 peak is ignored then the Upper Boll band is down but the Lower Boll band is up and the MA is up. So to take this trade you need to be a little genrous with the Upper Boll band and ignore the peak at 4.30 AM. This trade if taken would result in a loss by a miss of 1/2 pip at 8.45 AM.
    Would you have taken this trade?

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