Today was frustrating for me, just can't seem to pull away from 0 pips at the moment, with the exception of S1. Had a bad day on breakout, S1 was -40, S2 was -15 and S3 was -25. The Cable was very rangy this morning and i think whichever strategy you were trading this morning i think it was very difficult to make cash, but well done if you did, you certainly know something i don't.
My Dax strategy has had another frustrating day, with 3 trades being taken, all of them i moved my SL to B/E at +10 and all decided to retrace and hit it, although if i wouldn't have moved the stop i would have been -45 for the day because they all went on to hit my original SL of 15, so positive stuff there. I have learnt that it is so important to manage your trades once in them and today was a perfect example of that. I know a fellow trader who moves his SL to B/E once his trades achieve 66% profit, good little strategy in my opinion. I have currently 1 trade still running, so will update you with that tomorrow.
The Ichi trade i was in made me another loss of -58.8, so again another good reason to stop and put together a checklist for entry and exit points.
My results are below for the month so far:
S1 = +70
S2 = -45
S3 = -60
Dax = -2.5 - But with 1 trade still running.
So again today was frustrating, seems the first couple of weeks in Jan are proving to be a bit difficult, but good times are just around the corner. This is trading for you, got to take the crappy times with the good times. Still one good day will bring me back in line.
For now, adios...
Tuesday, 12 January 2010
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