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Jul 06

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Tuesday 6th July 2010 – No Trades but plenty of action on my Strategy

Rather frustrated today.

My setups occurred 1hr before I got to my PC this morning 07:10 to be precise on Cable and EURUSD. My backtesting showed that my setups that trigger before 8am invariably do not go any distance and usually retrace….not on this occasion. On Euro my setup generated 40 pips (both t1 and T2 would have triggered) and on cable 35 pips just t1.

EURUSD_060710

GBPUSD_060710

GBPUSD_060710 + 35 pips

Then to make matters worse at 14:00 I go to the gym, much later than usual. Get back to see the USA PMI News has triggered my setup again…..

Happy Trading

Jimmy

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