Results: 10 trades, 3 wins, 7 losses. Down <42.3> (-2.3%) The day started out looking promising, as several traders had reported excellent results from the overnight London session. But that never means that trend is necessarily going to follow through in the New York session. With no early new (Conference Board Consumer Confidence at 9:00 CST was the first thing on the calendar), I started out very conservatively. I did end up down 20 before the Trade Planning session. was…
Results: 6 trades, 6 losses, for <51> pips We saw a return to something we have seen quite a bit over the last few months – no follow through. My trade plans showed the Euro and Pound pairs in Clear Directional Moves (CDMs), but every thing else in ranges. I ended up taking Yellow Line trades short on both the GBPJPY and GBPUSD pairs shortly before the NY equities open, and then added an RBO trade on the EURGBP. The…
I don’t normally trade the London session, which starts at 2:00 AM my time, and I don’t normally trade on Fridays. But I’m way down for the month, and there’s only a few sessions left next week, plus I woke up at 2:00 and my mind was too active to go back to sleep, so I decided if I was awake anyway, I might as well get up and take a look anyway. When I went through the trade planning…
First, by way of introduction, I intend to make this a regular feature, in which I recap my experiences trading the PATI criteria and methodology in the market each day. This is as much for my benefit as for you, the reader, because it forces me to reflect on the market conditions and what I might have done differently. For background, this year (2018) has gotten off to a very rocky start for me. My first 9 market sessions all…