Today's Performance Results:
Wed 23 Apr +6.3%
Another great day trading but I am not happy with myself. I broke the rules of my trading again for the second time live. I pulled an all nighter working and was able to trade the London session and NY/London cross. When I trade these sessions I do not make range plays. I only try to define a trend if one exists and jump on. Today I made a range play on a pair I don't even trade on a session that I don't often get to trade. I shorted the usd/chf and kept building as it kept moving up. If it wasn't for one little retracement, I would be in a world of hurt now. That strategy is great but I only do it after 12 est. and the asian. The reason is because that strategy has a bad r/r ratio and on a session like the London or NY you can get blown away. My on hours strategy has a nice r/r ratio with jumping on the trend and close at a small loss if you are wrong. That is the strategy I should have used this morning.
All other trades went just fine today. I am glad that the market forgave me today for being stupid. It is normally not so kind.
So for now on range plays are for off hours and trend plays are for on hours. No exceptions!
Last edited by mytwopips : 05-10-2008 at 06:43 PM.
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