Talk about "all over the place"
Wow, it was one of the busiest days I've had with this strategy. Not only that, but one of the most painful pip wise. We had 6 signals over the night. That meant my computer was blaring pretty much every 10 minutes. Here's how it looked:
Today's Trade
12:45am EST- There was a moving average crossover for a short trade. However, stochastics were trending up which cancelled out the signal. No entry.
3:45 am EST- There was a subtle but valid entry on my chart. Apparently it wasn't valid on xtick as you can see in the charts which shows no crossover. I entered at 4:00 am.
Entry: 1.9517
Stop: 1.9541
Limit: 1.9500
4:09 am: Unfortunately I was stopped out in under 10 minutes. -24 pips.
7:00am EST- There was a valid signal here, I should have realized it was a news candle and stayed away from the trade, but I pulled the trigger.
Entry: 1.9548
Stop :1.9592
Limit : 1.9504
7:35: Unfortunately I was stopped out of the trade for -44 pips
7:45am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal. No entry.
10:15am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal. No entry.
10:45am EST- There was a moving average crossover for a short trade. However, MACD was already negative which cancelled out the signal. No entry.
Result: 2 trades....-68 pips...3 lots each......-204 pips
This has been my largest losing day with this strategy. It puts me back in the red for the month..but fortunately not in a bad way.
Take a look at the charts and notice it doesn't show the crossover at 3:45 am. It goes to show that different broker show different things. And charting packages are different.
Talk to you soon.
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