i've been loving this market personaly ... have made stacks and stacks in the past few weeks.
held a mix of shorts and longs .. longs on commodities, shorts on various indices!!
have taken some profit along the way, closed out my spi shorts today for a tidy profit, there is no doubt more downside there, but enough for me to take profit.
oil has further to run so leaving those longs, got a short on the FTSE, i'm not decided on it yet, got a stop loss at 5250 for a very handsome profit, really don't know if we'll drop much more further before having a snap rally, or if we'll just continue a nice steady fall.
who knows, who cares .. either way, if you play the market by the trends and follow some simple TA - you'll 'probably' make money!
incidentally, i've been basing my entire trading plan on the VERY simple TA presented in the colin twiggs weekly emails I get - they really are very simple, but i've been following them and actually placing trades based on them recently ... and making really good money!!
i don't suggest its a great idea that I continue doing, but its been working, so i'll keep doing it till it stops.
trends trends trends people. follow them and trade WITH them and you'll make money, trade with your head, not your heart!
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