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Tuesday 13 October 2009

Trading Diary 13th Oct 09

After two weeks of events and meetings I finally get to update my blog with some trades. Early morning cable breakout yielded a nice 15 pips below. Had I stayed in longer there was 30 pips on offer.

My trading style means I pay less attention to the long term trends or resistance lines many of the forum guys focus on. Your comments would be appreciated if that would be useful.



The recent advanced traders have been making some really strong pips.
Mainly using the new Pivot strategy on Forex but also trading the old ftse strategy modified for the Dax by Phill.

Whats even more important is they trade without fear. The key area were trading is won or lost. Phill is now looking after most of the analysis for the group and is doing a fantastic job.

In recent analysis it has emerged that the oil trade is our most successful with only 1 loss since since April. If you follow the rules you would have gained 450 pips so far this year. I am now playing this strategy when the signs are correct!

The new pivot strategy on forex is working really well. Not happy with quality on charts so will adjust them so they are better to view the trades. Meta trader takes some getting used to.


Fantastic Trading!

1 comment:

  1. though i dont trade currencies. rather the ES i can see you understand the trade environment. some good posts. my blog is artandcraftoftrading.blogspot.com i stress 4 principles of trading applicable to any market. bankroll, knowledge, mm and disciple.
    regards, Rich

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