Archive for June, 2010
The last 3 days were not good for the system and I suffered a 20 pip loss each day. As I traded Tuesday, Wednesday and Thursday, the total loss for the week was 60 pips! I didn't trade Monday as it was the Bank Holiday yet it would have yielded profits had I done.
It's times like this when you consider whether your trading system is going to work for you... the back testing has shown that 3 days in a row of losses is rare but when it happens, your confidence in the system diminishes and the d
June 4, 2010
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This is the third time this has happened in the last 3 days.. the first trade is a loss and the second trade is a winner resulting in a net deficit of -20 pips
The first trade was a long as the market just peaks above the high line and then promptly falls both hitting the stop for the trade for -50 and then initiating the downside trade. The downside movement was quite large (almost 100 pips under the lower band) and I captured 30 of them.
June 3, 2010
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I got hit again with this... the first trade initiate above the upper line at 14753 going only 15 points before falling away. The stop got hit and the short initiated. The short make some good movement however and I got my 30 pips. However, the first trade had a 50 pip stop so I'm overall -20 for the day
June 2, 2010
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