again traded from home this morning. took time to look over the charts of the currencies and the indices, but was very calm/slow to get into anything. Considered that Cable set up for a short trade a little while after the 9.30am UK news. The XTF (execution time frame) was 1M but there was a nice 123 reversal pattern just above the 1.61 handle on the 5M timeframe supporting a short.
Spent some time thinking about how to best manage my trades once I get into them. I would say that right now the trade management aspect is the big elephant in the living room.
Leaving home at 1pm – to meet up with fellow trader from the office to talk about his strategy and money management. Looking forward. Also put in place the 5-day trial for Tom Hougaard’s trading room – which will commence tomorrow.