Well...it was a tough week again for the TK system. Here are my results for the week (entry: I look for a good entry between 23:00 & 24:00, SL=40, no TP, Max trades/day: 2)
Also, I have been watching G/U & U/Y and have noticed a lot of the whipsaw happens when they are trending against each other. This makes since since G/U x U/Y = G/Y. Has anyone used these to determine when not to trade the G/Y? Any tips?
M: -56, -11 (I changed my SL to 50+spread...never again, lost an extra 32pips)
T: -40, +51 (2nd trade carried over to tomorrow, w/new SL)
W: +86, +86 (new trade & yesterday's carryover)
R: -40, -40, -40, -40 (T, W stopped & both Thurs stopped)
F: +90 (ok, I cheated a little. I played the range that developed T & W on the 1hr. I entered a limit order at 22:00 at the resistance trendline and TP at support channel line...I just wanted a profit for the week)
Grand Total: +46
Also, I have been watching G/U & U/Y and have noticed a lot of the whipsaw happens when they are trending against each other. This makes since since G/U x U/Y = G/Y. Has anyone used these to determine when not to trade the G/Y? Any tips?