Just scalped a profit 1046.9 +£16 as some compensation against GBP/USD if it goes against me. Will re buy at 1045 seems to be a support in this morning session.
Just to say with this demo account I could trade £2-£10 per point but I want to keep it real as when I trade live with a Balance of £500 I can only trade £1 per point to start until I get to (If I get to) £2,000.
Plus I'm trading 2-6 positions on the demo but when I go live I will be trading 1 position at a time on the FTSE until (If) I build up my balance and watch the margin.
Just put in a IF DONE order to Long at 1.6447 stop 1.6430 limit 1.6700 but will close before limit if I get this right. 1.6447 could be a support level which will indicate a new down trend on my chart. It could bounce up from 1.6447 to return lower ?
S&P500 Stopped out 1050.6 -£24
FTSE100 Stopped out 5050 -£27 ( Should of took profit this morning here at +£33)
Just opened new positions:
S&P500 Short 1051.4
FTSE100 Short 5047 ( Avg price two positions open £2 per point)
GBP/USD IF DONE hit my trigger to buy at 1.6447
RIO Tinto Short 2635.0
Yesterday I took profits scalping so today I let profits run which I should took. FTSE went below 5000 I nearly took profit but let it run and got stopped out. Should of had it on the up, I got to learn when to scalp and when to let run.