EOD Pip Report
£$ +10,-2
€$ -1,+24,+3
€£ +5,-4,-4
£¥ -24,+19, 0,+13
€¥ -14,-7
$¥ -6,+1,+15,-7, 0
total: +21
Looking at these charts shows how choppy it was in these crosses today, so any system will have done well not to have made a loss. Some ill-discipline on my part made matters worse than they could've been (I should've stayed in some trades longer than I did).
Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just before a major economic data announcement) or through poor personal judgment.
£$ +10,-2
€$ -1,+24,+3
€£ +5,-4,-4
£¥ -24,+19, 0,+13
€¥ -14,-7
$¥ -6,+1,+15,-7, 0
total: +21
Looking at these charts shows how choppy it was in these crosses today, so any system will have done well not to have made a loss. Some ill-discipline on my part made matters worse than they could've been (I should've stayed in some trades longer than I did).
Key: Vertical line on the left is 8am UK time
Arrows are Entries, Ticks are successful exits, Crosses are unsuccessful exits, Thumbs up & down are signals (and their exit) rejected through timing (e.g. lunchtime, or just before a major economic data announcement) or through poor personal judgment.
Attachments
Right, T2W finally accessible again.
Yesterday morning's action has made me reconsider my system's entry & exit parameters. There was too much discretion involved, which was masking the fact that alot of the success I've had has actually just been noise. Choppy conditions show you the real worth of any system and yesterday I had to pedal really fast just to keep still, which is not how I want to trade.
So I've zoomed out a bit and am now using stricter entry conditions based on a bigger sample size in my indicator. This should help reduce the number of positions I take while hopefully improving their validity.
Not a promising start this morning, with a false Euro buy signal, but we'll see how it goes.
Yesterday morning's action has made me reconsider my system's entry & exit parameters. There was too much discretion involved, which was masking the fact that alot of the success I've had has actually just been noise. Choppy conditions show you the real worth of any system and yesterday I had to pedal really fast just to keep still, which is not how I want to trade.
So I've zoomed out a bit and am now using stricter entry conditions based on a bigger sample size in my indicator. This should help reduce the number of positions I take while hopefully improving their validity.
Not a promising start this morning, with a false Euro buy signal, but we'll see how it goes.
