Trading Blogs

ProfitBinary Trading Alerts for 5-25-2012

BUYS: 12 Alerts - 4 40 pt alerts

SELLS:   2 Alerts

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

Day 10 brings me to a short review session. Again, today no real trades was just working on my basics and focusing in on my strategy. Early in the morning though I did see a great trade opportunity. I easily could have taken it but I stuck to my plan and just watched taking notes. 

The chart will show a wonderful triple top setup. Market moved up to start the day then made a strong move back down giving us a small uptrend. The first top was formed in the middle, actually broke the high and bounced back down. About 30 minutes it did the same thing but this time a sell would have gone for even more after it broke the trend completing the anticipated triple top. 

Any questions on this setup? 

ProfitBinary Trading Alerts for 5-24-2012

BUYS: 12 Alerts - 5 40 pt alerts

SELLS:   2 Alerts

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

As I have discussed the markets have been quite wild the past few days. There is a lot of speculation on Europe along with good/bad news making for some heavy swings. Since the markets have been wild and I have lost the last couple of days I decided to take a step back and just watch the market while simulating what I would do. 

One great trade that I notice today was a great moving average pullback as you can see from the chart. Price movied into the moving averages from a pullback creating a buy signal. The result would have been large profits. 

Want to point that this would not have been successful for me a few days ago. I talked about how I was being to cautious having a tight stoploss. This trade would have needed a little over 2 point stop loss which for big money traders can be stressful. 

Sometimes it is good to just relax and get back to basics. 

ProfitBinary Trading Alerts for 5-23-2012

BUYS: 9 Alerts - 1 40 pt alerts

SELLS:   1 Alert

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

Tough lesson learned today but the good news is that I feel I am getting better and hope that you are as well. Ended up having a losing day, but not a lot. This is what I learned from actually a great losing day. My trades were all fantastic so what went wrong?

On my trades I have an opening stop loss (an order so that if something catastrophic were to happen I would not lose everything) at 2 points below/above my trade. After my trade is filled I am looking to move my stop closer to my entry so I don't lose, playing the trade bar by bar.

This method is not going to work for what I am trying to accomplish with trendlines and pullbacks. The chart below is an excellent example of me losing a great trade because I am to cautious.

As you can see the trend pulled back into the moving average by zone from the top trendline. I bought it and then kept moving my stop up with no real reason to do so. Eventually I got stopped out for a minor loss but then the trade skyrocketed up leaving me wondering what went wrong. 

Lesson is to not trade bar to bar but to just trust you are in a great trade based on your system and to let things work themselves out. 

ProfitBinary Trading Alerts for 5-22-2012

BUYS: 12 Alerts - 8 40 pt alerts

SELLS:   1 Alert

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

ProfitBinary Trading Alerts for 5-21-2012

BUYS: 16 Alerts - ALL 40 pt alerts

SELLS:   1 Alert

View the Trade Alerts after the jump...

NOTE: 40 point alerts are 2 unit trades, 30 point alerts are 1 unit trades.

BUY ALERTS:

SELL ALERTS:

Not an exciting day at the market today, as it did continue further down but mostly sideways. Talk of the day is obviously Facebook which we don�t want to concern ourselves with.

I want to re-illustrate what I am trying to accomplish with trendlines. Even in a boring day there are still great trades to be made.

You will notice on the chart we are still using our parallel downtrend lines from the previous days. The first trade should have been off of the first red arrow. Your stop would have been just above the trendline incase it broke out but instead it went way down to the blue arrow which could have been a buy. I would not have done the buy at the blue arrow mainly because I was waiting for it to touch the trendline again. Also, the same thing happened at the second red arrow for a sell but again my order was at the trendline so I did not get in.

This is the power of trendlines and being patient for the market to get them. Have a wonderful weekend! 

Another weird day at the market and it caught up to me today. Down on trading today but still up for the week with one day to go.

Overall what I learned and what you will see in the chart is that I really should have been in about 3 trades and instead I was in way too many which ended up costing me. I also want to note that all the trendlines were still drawn there from yesterday so I should have known this going into today. 

1.       First trade was at the Red arrow as a sell. This trade should have made the day but I ended up getting stopped out at the trendline just above it.

2.       Should have been in the first trade until it hit the bottom Trendline at the blue circle. Which then would have turned into a buy for a nice profit.

3.       Lastly should have been in at the Second Red arrow for a sell off of the top trendline.

These three trades would have made for a huge profit and with as crazy as the market is right now that would have been an accomplishment.

Lesson for today is that I need to be patient and don't freak out early in the trade. If the trade is valid stay in!