Another day against the system!
Well, needless to say, by the title, you know I had a bad day. I don't mind having bad days as much as I do ending the week on a bad day. It's like having a great party and spilling wine on your shirt at the door! All you remember about the party is that incident. So too, all weekend, I will be moping about today. Oh well.
Today's Trades:
3:00am EST- There was a moving average crossover for a long trade. RSI was greater than 50, stochastics were trending up, and MACD went from negative to positive. This was a valid entry. The entry was at the close of the candle at 1.9506 with a stop at the most recent swing low at 1.9452. Since I was 44 pips away from the nearest 50 or 00 level, I decided to put my target at 1.9550.
Entry: Long at 1.9506
Stop: 1.9452
Initial Target: 1.9550
8:15am EST- My target wasn't hit by this time and I knew that news was coming up at 8:30am EST, so I closed out my trade. I exited at 1.9487.
9:45am EST- There was a good signal here, but because it was right before the consumer sentiment report I did not enter.
You know there is something to be said about today though. This is the first time that I have been doing this where I get the exact results as the creator of the strategy. That works out well because I can just copy/paste from his blog without changing anything :)..To bad it was on a negative day.
Trade Results: 1 Trade...-19 pips...3 lots.......-57 pips
So here is what it looked like on the charts.
Talk to you soon.
No comments:
Post a Comment