Friday, July 18, 2008

Ranging and Trending markets

Last 2 weeks was good for me.

As I learn more about the art, my win loss percentage is getting better. I have currently filled 2 pages of my journal with 70% win loss for the very first time!

It's a combination of putting in more parameters in my trade and learning the characteristic of price action.

For example yesterday I made a -15pips loss. Why? Because I was trading it (eu and gu) with a trending strategy in a ranging day.

So note to self... pick your daily strategy before jumping in.

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