Right, day trading today. People are very interested in the concept of day trading. And i think there are at least few reasons for this. Before i will go into details, let’s define day trading, what it really is.
On Forex day traders are guys who make a lot of trades (like over 10) in a single. Each of the trade is closed by the end of trader trading session, on Forex it usually means turning your computer off. Note that this is not the same as scalping. The only similarity between scalping and day trading is that, a lot of traders fail there.
Main resaon (more…)
Immigrant exodus leads to DIY cost hike
The cost of home improvements has risen by about a fifth as eastern European tradesmen who have provided cheap labour return home, a new report shows.
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I would guess that most of the intelligent readers that visit my blog are fairly intelligent and probably already know the meaning of diverge and divergence but just to be sure. di·verge / [ di-vurj, dahy-] verb, -verged, -verg·ing. ?verb (used without object)
1.to move, lie, or extend in different directions from a common point; branch off.
2.to differ in opinion, character, form, etc.; deviate.
3.Mathematics. (of a sequence, series, etc.) to have no unique limit; to have infinity as a limit.
4.to turn aside or devia (more…)
The long term trades are trying to shake out. With volatility in the stock, bond and futures market, many traders are uncertain. While the world wonders what will happen next, I am adjusting my trading process to fit the current times. While waiting for long term trends to continue, I am trying a methodology that is based on bracket trading for shorter term targets and profits. I will post the initial trades and adjustments as shown in the colors below. If you can figure out my methodology, more power to you. In the past month the methodology has worked great in intermediate trends and has be (more…)
Just to clarify again, the yellow shows changes. In other words we tightened our stops on two trades. The USD/CHF entry was a typo from yesterday, it was suppose to be 1.1030 entry limit long, similar to the other trades. Now if you had typed it the other way you would not have been entered in the trade. If you were following along, this is one to kill and not chase.
This system is built on creating numerous long and short positions on similar pairs and counter positions on specific currencies.
Some of the (more…)
