Back trading today following the 3-day trading suspension. Completed further EMA testing on DAX, EURJPY and USDJPY over the weekend.
I started the day slowly with three scratch trades and then a 0.7 loser on GBPJPY. This was tough going I got to say. One more losing trade (of any size) and I would be finished for the day. However I recovered well in the New York crossover session taking winning trades on DAX and, amazingly, on WTI crude oil – giving me a net return of 1.35R for the day. It’s 3.30pm now and I am rather exhausted again, so I will head to Hyde Park for some speed skating before writing up the trades in my trade journal.
I have included three charts for the Oil trade because I thought I traded well with this one – i chose a good setup and then managed the position well. Of course, in hindsight I could easily tell myself that I should have used a stop tighter than 60 points. But there’s always something you could have done better – especially once the chart shows how the price action unfolded.
And just for fun – I thought I would post the chart shots for the winning DAX trade too – after all it’s not very often that I cover my short position a mere 9 points above the low of the day!! 🙂 🙂