Due to my frustrating inabilty to be able to follow the rules it's not been a great week for me as, in meandering markets, my patience & discipline have been found wanting (again!), yes Julie I WILL learn! As I have admitted I have pretty much flouted the rules, up until today, with the obvious consequences!
This morning WTI opened as a rule 7, however I had to pop out so I missed the initial sell entry at 99.46 instead entering at 07:59 at 99.23, I also entered Brent at 08:00 at 117.76 as price looked to have held below BRN on LH's. Both trades were double script with tp1 set at 36 and tp2 open ended as I felt that both could run past the 100 pip mark. Both tp1's were hit at 10:18 & 10:13 respectively, both also ran 100 pips from my entry, and now I'm wishing that I'd set my tp2's there, however with US open approaching and WTI looking like it was possibly rallying with, what looked at the time, like a push through and possible hold above 98.50 I took the available tp2 pips on both trades, 85 on Brent and 64 on WTI, giving a total for the day of +221. I'm pretty sure that both trades will keep heading south but I'm happy with my pip count for the day and I'm gonna start my weekend early!
Strange how easy, and profitable, this PATe method is when I FOLLOW THE RULES, and my patience & discipline ALLOWS me to follow the rules
This morning WTI opened as a rule 7, however I had to pop out so I missed the initial sell entry at 99.46 instead entering at 07:59 at 99.23, I also entered Brent at 08:00 at 117.76 as price looked to have held below BRN on LH's. Both trades were double script with tp1 set at 36 and tp2 open ended as I felt that both could run past the 100 pip mark. Both tp1's were hit at 10:18 & 10:13 respectively, both also ran 100 pips from my entry, and now I'm wishing that I'd set my tp2's there, however with US open approaching and WTI looking like it was possibly rallying with, what looked at the time, like a push through and possible hold above 98.50 I took the available tp2 pips on both trades, 85 on Brent and 64 on WTI, giving a total for the day of +221. I'm pretty sure that both trades will keep heading south but I'm happy with my pip count for the day and I'm gonna start my weekend early!
Strange how easy, and profitable, this PATe method is when I FOLLOW THE RULES, and my patience & discipline ALLOWS me to follow the rules