I didn't update my blog yesterday due to me having to re-think my trading plan (again, i here you say), yes again unfortunately... Beginning of the year i was able to trade basically all day, however due to some personal stuff (nothing too concerning) i am now only able to trade till 1200hrs full stop. Now your probably thinking that's what he used to do anyway and you would be right, but the problem with Ichimoku is that you have to let trades run throughout the day sometimes and if i'm not around to check them, then i'm a little buggered!!! When your trading with your large account this can become worrying. So again Mr Scully has had to change his trading plan/style. I will now still trade my breakout, but Ichimoku is now being put on the back burner and i am now trading a very simple, but effective scalping strategy i have been testing for someone with great success. I cannot disclose the strategy to anyone just yet, but will start recording results on here.
So i now trade breakout on Cable and my new scalping strategy on EU and EJ, 0600 till 1200hrs. This month already the scalping strategy is on +230, so going very well indeed. Today i made EU = +8.3 & EJ = +65.5, this is with an average SL of about 20 pips, never exceeding 30.
So again another change to my plan and for any newbies reading this, DO NOT follow my lead and change half way through a month, as it's not the way to go, but for me it's a necessity unfortunately.
Results for the month so far:
Breakout = -60
Scalper = +230
Ichimoku = Would have been on about +45ish for the month, but stopped trading as of today.
Ok guys, thanks for reading and this time i will be sticking to this 100%...... promise.........
Happy trading......
Thursday, 11 February 2010
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