Squeaky bum time
It's been a disaster, I made 12.5% on my account. Better than the money sitting in the bank, but I was expecting a bit more. At one point my account was up 58%
Three positions stopped out since I started this thread. I will post charts but I won't go into details as I doubt nobody is really that interested and if you are, I am sure you will ask.
TLW: bought bozo breakout on higher volume. A flag thingy then formed and I was expecting another break higher (upthrusts should have convinced me otherwise in hindsight). When the bottom of the flag pattern broke I got out before I got stopped out for a small loss.
I know PAH3 and VOW are highly correlated, but I couldn't resist trading both
VOW: I entered three trades before the breakout where I added another giving me a substantial position. Swing low formed with higher high and I moved all stops below the low, and got stopped out. If this trade had gone the distance I would be in the £££.
PAH3: Entered on the breakout then added at a swing low with hammer at "PPZ". Added another where an inside bar formed hugging the trendline. That last trades was ballsy and got stopped out. I was getting cocky and would not take it if I was to come across another similar situation, however it was only 1.25% risk. As with VOW moved stops under swing low following higher high and got stopped out.
There was a lot of news and fundamentals at play throughout these trades, but as I don't pay attention to the fundamentals, and try avoid the news, it is not relevant.
On the whole apart from the dodgy PAH3 trade I think I executed my plan well. I held my nerve when I had a running profit of 14k and did not grab the profit and run. Some might it show s a defect in my plan to come away with so little, well lets talk about that. I may need to think about where I am placing my targets which is far more art than science.
It's a shame I couldn't have got another swing low in or even hit target but then this trading business would be too easy.
Account balance £27,250.