Friday, 28 August 2009

Trades 28/Aug/2009

PDE (gap up)

Bullish first is followed by trend up. Then pullback starts from the 5th back to ema. The 8th is NR7 off ema and OR high. This is our long trigger. never got going and we got stopped out for a loss.

There were some other setups but either they didn't trigger or the Fib Ext was too close. So just the one trade for me today.

Monday is bank holiday in UK, so I probably won't be trading. I have updated the performance table for August. Hopefully the last few months of the year will give us some better returns than the summer doldrums. Have a good weekend.

6 comments:

Steve said...

Congrats on a positive month. Does your performance table R value include or exclude commissions?

TraderAm said...

Thanks.

Perf table does not include commissions.

Anonymous said...

Trader AM - congrats for another positive month.

Do you have any R targets where you feel confortable with?

TraderAm said...

Anon.

Thanks.
I would like to get to a stage of making 20R per month on a regular consistent basis. Still a lot of work to do to get to that point.

Anonymous said...

Would it be possible to share what do you feel you need to improve to get to that target?

Thanks

TraderAm said...

Anon.

I think I need to get my win rate up to around 60% on consistent basis. Still thinking about things on how to achieve this. Some options are :

1. Moving to lower timeframe to catch the move before it's over on the 15min timeframe.

2. Developing a strategy to trade other markets (Futures, Forex)as well as US stocks.