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Archive for 10/06/2009

Profit for Winning Dow Intra Day Trading.

Overall a very good start for the Intra Day Trading for WDS & pretty much in line with what has happend over the past couple of months i’ve been watching the service.

Dow Jones
8 trades
4 winners 4 losers
-20 pips = -£100

FTSE
3 trades
2 winners 1 loser
+5 pips = +£25

Eur/Usd
5 trades
5 winners 0 losers
+50 pips = +£250

+35 pips today
+35 pips total
+£175

Missed a winner today with RoboBets

Racing started @ 1.30 yesterday which caught me out & i missed out on an early mid priced winner. No other winners on the day unfortunately so ended it down 22 pts.

Balance £260.30
Profit £60.30

LS Trader Update

I personally had a mixed week with LS Trader last week although the balance of their full portfolio went up over 6%. I banked some more profits which leaves me currently with a bank of £2,923 & running profit of £120.

Winning Dow Intra Day Trading

I’m going to start trading & recording these signals from today - as oppose to looking at them retrospectively at the end of the day & thinking ‘would have made some money there’.

Main reason not done this before is that you basically have to be looking at the charts all day but if this helps me to be able to make the decision not to return to work then thats whats going to have to be done.

If you dont know anything about this part of Winning Dows service then basically they send an email each evening which contains 4 different ‘levels’ across 8 different indices/  currency pairs. i’m intending to trade 3 - ftse, dow jones & eur/usd because i dont see how you can possibly trade all 8 properly.

These levels are support & resistance lines which indicate a trade when prices pass up through or down through them.

I’m intending to ’scalp’ 10 pips with 15 pip stop loss initially.  There is no advised method of HOW to trade the signals - you basically decide to trade the way you feel comfortable with. We’ll see how it goes.

Dax on the Wealthbuilder

Heard some good reports about using Wealthbuilder with the Dax (& back tested the trades for the last 3 weeks on IG Index charts which bore this out) so decided to start trading this. Was going to leave it until Monday but no reason to put it off so started today.
(The Dax comes under ‘German 30 Daily Cash’ on IG Index).

There are some differences to the way Wealthbuilder was designed to be traded on the FTSE , the main one being that you only trade colour changes on the MACD. Dont want to go into too much detail for obvious copyright reasons.

Trading this with the FTSE died a bit of a death but the Dax has worked consistently well with Wealthbuilder for a number of months so we’ll see how it goes.

My trading will be done betwee 9-12am, £5 a pip, stop @ 24.

Start bank £1000
Profit/Loss +£60
New Bank £1060

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