23 July 2012

Been able to catch a day here and there trading.

Today was a quick one and pretty good.

Two quick trades and 23 ticks.

This trade below was TEXTBOOK low risk-entry trade for me.  The price touched the yellow zone, then retested it at much lower volume and spread, forming a double top where I entered with a small stop of 7 ticks, and rode it down for a 15 tick winner.

Not a bad R:R for those trades.

I plan on coming back to some of the higher risk, higher reward trades that I used to do, but for now I'm working on refining this setup.

Stats:
Net Pips: +23
Trades:  2
Winning Trades: 2
Ticks/Trade:  +11.5
Win %:  100%   

Out of the army

Well, the time has finally come, and I'm out of the army for good!  I'm now in the process of moving to Germany with my wife.  In the meantime trading will be pretty spotty.

I'm taking the next year off in order to focus on trading.

See you guys soon.