Thursday, April 3, 2008

Thursday 4/3/08- Update

Better than a kick in the head!


Once again we had more than one trade in the day. This time the trends on the 4 hour chart was up and so we were only looking for long trades. At 1 am we had our first signal. It actually looked promising. You know that gut feeling you get. That hoping you get the signal because you are SURE that the trade is going to go your way. That which I was talking about yesterday that you just know feels right. So I got the signal smiled and pulled the trigger! BAM! 21 pip loss. Suck on that. That goodness we don't trade on emotion! Anyway, yeah, we got stopped out, and I was feeling that I never wanted to trade again. Just kidding, This is the business we chose.


Again at 7 am another signal popped it's head. I didn't look pretty. Stochastics were almost overbought, rsi was barely over 50 and MACD had already turned positive. I felt like I was getting in on the tail end of the rise. But, once again, I don't think, I do. Like a trained monkey. If A=B and B=C then A=do the trade...period. So I got in and waited to get stopped out. BAM!!! 24 pip gain! What?! Yeah, my feelings about where things are going are no good. Thank god for the strategy.


So anyway, we busted out 3 pips! We did 3 lots both times and so all in all it was 9 pips! Like I said in the heading, it's not stellar by any means, but it is better than a kick in the head!


One more thing, in the comparison with the pip surfer, we actually got in the same trades and well, he got 6 pips. We are getting closer to becoming ONE...hahaha..


Here are today's charts..take a look!


Talk to you later.


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