Posts Tagged trading system
So, after a period of losing trades, I decided not to trade the system today. However, to see how well it fares regardless of whether I trade it or not, I want to still continue to follow it. In trending markets, I suspect that it works rather well but when the markets are a bit uncertain, is when I don't do so well. If I can figure out when to not trade the markets, then I can continue with the system.. I do like it's simplicity and the fact that it's fire and forget.
Anyway, I didn't trade
June 9, 2010
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Today was another losing day which was extremely frustrating.. the short trade triggered first and then went straight up to hit the stop and then the buy trigger which immediately reversed to hit my stop... the total loss was 80 pips. If you look at the chart, however, you can see that I lost out just by a few pips. The trade today should have been the short which fell nicely a good 100+ pips.
The trading system has suddenly taken a turn for the worst and I'm considering what to do about it.
June 8, 2010
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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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