Saturday, December 11, 2010

Week summary

Haven't found the discipline to post this week, but I'll summarise what I've been up to.  

This week I've basically been trading naked, with P&F running in the background.  I use P&F to gauge roughly the market structure, and use S/R on the 30M TF to identify where the orders lie.  Then I wait to see how the market tests these areas.

Monday
What I did absolutely right was to wait and wait until close to the London open (8GMT).  Usually a run can start to develop just prior, and in this case it did.  Being my first day trading naked I freaked out and closed for a short profit in what was a good rally.  Not ideal to buy against the trend.

Tuesday
Again, timing the start of the London was perfect.  I hit my TP target immediately and (partly relief, partly fear) decided not to be greedy and stopped trading.

Wednesday
Timing was a bit off.

Thursday
Got overall direction completely wrong today.  Somehow got "BUY" stuck in my head all day, and paid the consequences.

Friday
I was right about direction at the LSE open, but missing the entry caused me to get emotional.  Was very lucky to come out positive today.

End of week

No comments:

Post a Comment