SH-101
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Another opening range downside breakout.
SH-101
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1031 Exit -21.
SH-101
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Indeed petszata, hence an early finish for me today.
Just having to ride out the low volatility / lack of downside at the moment but that's trading, doesn't always go the way one would like it to.
Summary:
0820 Short UKOIL 6241 -21
0849 Short XAUUSD 1278.54 +10.1
0915 Short DE30 11143.7 -4.7
Day total -15.6
Week total -15.6
Journal total -149.3
Just having to ride out the low volatility / lack of downside at the moment but that's trading, doesn't always go the way one would like it to.
Summary:
0820 Short UKOIL 6241 -21
0849 Short XAUUSD 1278.54 +10.1
0915 Short DE30 11143.7 -4.7
Day total -15.6
Week total -15.6
Journal total -149.3
SH-101
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Reversal from the high down through 11125 / S1 / 11100.
SH-101
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1506 exit at target +50.3.
SH-101
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Reversal from the high down through R1 / 1282.5 / P / 1280.
SH-101
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Exit -30.8 at 1649 as the market regains 12800 / P / 1282.5.
Common sense thing might have been to leave that one alone late in the day but not trading a valid setup within my allotted trading hours would have been a mistake as far as I'm concerned.
SH-101
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Just had a quick analysis of my trade records and have noted something I wasn't previously aware of, that XAUUSD is by some distance my least profitable market. Since the most recent tweak to my rules in Mid-November, it has accounted for just 0.84% of my overall profits, whereas at the other end of the scale UKOIL accounts for 37.7%.
I don't think I'll be changing anything just yet but certainly interesting to note.
I don't think I'll be changing anything just yet but certainly interesting to note.
SH-101
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Opening range breakout. Correct entry was ~61.172 at 0923.
SH-101
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Dear oh dear, unfortunately unavoidably away from the markets again. With the things going on here today I probably shouldn't have even tried trading this morning. Something definitely spooked oil markets at 0949, and I missed the correct exit on this trade for around -43 at 0952. As the market has stalled at 6200 I decided to let it play out but was stopped.
A lesson learned in keeping an eye on your trades. One I learned years ago actually but I think I'd become complacent as range breakout trades rarely reverse so spectacularly.
I think I may take a day or two off as I can't give full concentration to the markets for the remainder of the week and as today clearly shows, that will cause problems!
A lesson learned in keeping an eye on your trades. One I learned years ago actually but I think I'd become complacent as range breakout trades rarely reverse so spectacularly.
I think I may take a day or two off as I can't give full concentration to the markets for the remainder of the week and as today clearly shows, that will cause problems!
