I continued my studies and strategy development today. Hopefully will have a strategy ready to test soon. It is going to be based on things I have done recently and/or in other phases of my “trading career”, such as the FX swing trades from 2011. I am keeping a positive mental state so far. Keep going George!!
I did take a paper-trade today. This means I didn’t actually put on a trade in a demo or live account, but I did open, close and manage the stop in real time. I will post the chart here since it looks nice and profitable – this one was on Oil once more. Oil continues to be trending down on the 1H timeframe, thus I am looking for bearish setups. A bearish 123 pattern occurred late this morning.
This was really the only trade that I considered today – nothing else set up on Cable or DAX.