Friday, November 5, 2010

First Day Of Journey




Start the journey with a nice decent ticks.
7 E = -10 ticks
6A = 14 ticks
6B = 11 ticks
Total = +15 ticks
6A traded as plan. First faked, entry at 2nd signal and exit based on discretionary.
6B traded after Non-Farm Payroll. Volatility forced me to get out fast before price got back to my entry.
Little accident when 7E got filled at the bottom while 6E chart didn't touch it. Cost me 10ticks and worse, unfilled the up-move since the price moved too fast.
Missed two working signal.
First the 6A down-move. Didn't see the wedge already forming and price already moved too far and no pullback.
6B around 1 hour before Non-Farm Payroll. Another faked and nice signal. I was too complacent thinking that there'll be no movement before the news.
Summary:
Good trade, good market condition. I could took more pips if the accident didn't happen and not missing the signal. But overall a decent trade for today.
Monday expect a slow day. Maybe enter on third faked with quick Profit Taking. Have a nice weekend :)

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