Thursday, August 5, 2010

Update: Closed USD/JPY position

ok so my stoploss got triggered and i closed my position incurring a loss.

which has got me thinking considering i've not been doing so well this week. So i've decided to tweek my strategy a little for intra-day trades.

I need to filter out the moving average crossovers as this whole week i've been in the wrong direction.
I can filter this out, only when i see there is a little bit of momentum such as after a news break.

During the day if it is range trading, I shall enter according to where the supports and resistances are, as well as the pivot point for the day.

since tomorrow is friday. i shall try this strategy first as a demo before i use it for a real play on the market.

No comments:

Post a Comment