Thanks for the encouragement guys. I am quick to take profits and I make no apologies for that. I bank at least 30 pips every single day even when trading against the market direction and make money in trends or consolidation. Yesterday I took 60 pips from a market that didnt move at all staying within a 40 pip range all thanks to my short bias trading.
I sold the rally at resistence today and closed out with 37 pips and achieved my daily target of 1%
Here is how my trading style gets frustrating. Today I anticipated a breakout because of the tight range trading the last couple of days. Due to my analysis I am looking for a short break out to occur. I sold the rally to the r1 pivot. I saw a head and shoulders form on the hourly and I was in at the top of the right shoulder at 1.4180. I was closed out by 1.4158 but the market continued and broke out trading 100 pips lower within 2 hours of my exit - just as I had predicted. Its hard to feel positive about my performance when I am so right with my analysis but miss out on the big move. I even left a small position on the table to do exactly that but at 20 pips I wanted the profit in my bank rather than risk giving it back and I closed it out also. Very frustrating!
trades: 5
pips: 37.4
average trade: 7.48 pips
total return: $26.46
percentage return: .98%
winners: 4
pips won: 40.3 pips
average win: 10.08
gain: $30.59
lose: 1
pips lost: 2.9
average loss: 2.9 pips
loss: $4.13
win/loss: 4/1
win %: 80%
profit factor: 7.41
max draw: 0.15%
I sold the rally at resistence today and closed out with 37 pips and achieved my daily target of 1%
Here is how my trading style gets frustrating. Today I anticipated a breakout because of the tight range trading the last couple of days. Due to my analysis I am looking for a short break out to occur. I sold the rally to the r1 pivot. I saw a head and shoulders form on the hourly and I was in at the top of the right shoulder at 1.4180. I was closed out by 1.4158 but the market continued and broke out trading 100 pips lower within 2 hours of my exit - just as I had predicted. Its hard to feel positive about my performance when I am so right with my analysis but miss out on the big move. I even left a small position on the table to do exactly that but at 20 pips I wanted the profit in my bank rather than risk giving it back and I closed it out also. Very frustrating!
trades: 5
pips: 37.4
average trade: 7.48 pips
total return: $26.46
percentage return: .98%
winners: 4
pips won: 40.3 pips
average win: 10.08
gain: $30.59
lose: 1
pips lost: 2.9
average loss: 2.9 pips
loss: $4.13
win/loss: 4/1
win %: 80%
profit factor: 7.41
max draw: 0.15%
BTC Return This Year:
7.9%