Sunday, June 27, 2010

weekly review

-90 pips this week, most of it (60) are from FOMC reaction. The rest are just not working setup, on the plan part, it's 10:10. Next week's target is 10:5.

misstakes:
1: didn't do as I predict in the post, and didn't write why?
2: trade on 10 seconds entry, but not taking profit at half, also set stop on 5 minutes chart, so bigger lost.
3: leave trade over night with too wide of target, it's getting hit on stop first.
4: didn't find true div but jump in anyway.
5: need to name first picture as P...... and so it can connected to each other on 15 minutes.

week of 2010-06-27
1: no trade on FOMC, as it moves too quickly. unless I'm trading with the trend.
2: no trade on 1 minute chart when at remote, too slow to react.
3: try more follow trend trade.
4: In trending market, DIV on one didn't work well on 1 min chart... DIV on 5 and 15 did.


More learning cycle more better.

key success for this coming week:
1: Keep a plan in place and follow it.
2: follow the trend.
3: Don't trade 10/1 chart when remote.

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