I've been building day trading systems for nearly a year now. up until now - all have failed to produce consistent returns.

over the last 3 months however my latest has gone from strength to strength, based mainly on the application of some basic psychology I've gleaned from a masters course I'm taking and reading some serious manuals on technical trading.

my system is based on, what I see as the 2 most human elements of the market - fear and Fibonacci. I'm aiming to...

savioursofpop

Here is the sequence of events with a Dax trade on June 6th.
The good news is that we got some profit. But we also left a lot on the table.
Had I been non discretionary about our rule based system we would have captured the whole lot

rdstagg

June 9th

Ym -100
EMD 10
ER2 10
Dax 25
ESTX 10
SMI 10

Net -35 / 140

Back up and running again now. My spreadsheet is out of date on my laptop but last week was actually a great week.
Especially friday where we got hold of the big runs.
I will talk about my system failure to capture this trend in the next post however.

We are now back up to trading 4 contracts.

Yesterday was...

rdstagg