1. Neil-Reply
    October 17, 2014 at 10:02 am

    Brilliant 17 minutes!

    Being a novice trader, it was good to see analysis on the reason for opening on the first position (and indeed not being hasty), and the tweaking of the stop in relation to the downward motion during the open on each position.

    2m:30s in actually is quite salient for me; that taught me a little more about how more patient I need to be for the right trade/set-up to come along and not just ‘leap-in’ on the mediocre/weak bearish signal nature in the case of the first position.

    Also, the detach by doing the school run as opposed to ‘watching’ the formation of the market too closely was subtle but interesting; the pitfalls I guess for me and a novice is to try and ‘force’ a position when the slight break-out happens and one feels they should be in the trade to make some profit hopefully as opposed to waiting a little to be sure the set-up can shore up real profit.

    Much taken from that!

  2. Roland-Reply
    October 17, 2014 at 11:26 am

    Nice demonstration of sticking to your plan even though it was a little scalp on the retrace to recover the stop out loss – nice trade. First trade also demonstrated the importance of the daily pivot. Thanks

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