Excellent trading session today!
Managed to catch a short on the DAX for a return of 4.6R. Basically I managed to enter with a 15 point stop and then exited at +43 (1/2), +112 (1/4) and +94 (1/4). I wish all trades were like that. Certainly the EMA trading strategy can also be applied to the indices. The DAX is the one I have been monitoring a bit because it tends to move quite smoothly. So on a day when the FX markets were rather quiet (no Tier 1 news/no speakers), this was a fantastic trade to be in!
Also did four FX trades – two of them were break-evens (EURUSD and AUDUSD), but also ran two short Yen positions – neither of them reached T1 (for me “T1” is where I close half of the position, and enter a pending order in the market for that from the outset), but both trades turned out to be partial winners.
All up, a gain of +5.93R for the session – that’s a big one (by my standards). Incidentally, my psych-assessment at the start of the session came in at 9/10 (the highest ever), not sure whether that’s coincidental or not.
Right, off more speed-skating.