Well the first weeks results are and they are astounding. 5 days, 5 WINNING days, 3 losing trades, 17 winning trades, 14 pars for a tick, 85% win/loss, 92% win+par/loss, and a 6.136 PROFIT FACTOR!!!
On Friday's the action dies down even more quickly than a normal trading day so i'll only be trading a two hour trade period from 9-11AM CST. I looked at the trades after 11 but honestly the good moves were done and the chop had set in. The trades ended up being net profitable but only by a bit. Again, the efficiency of spending my time when the most and best trades come along is within the first two hours of the day.
The action today was fairly congestive and I didn't get any huge runners (I had a 10 tick winner but it was at half price for 6.25/tick in the 6B) and had two losses. Prior days on this blog with two losing trades usually ended up with my being pseudo suicidal, my account having a huge drawdown, and certainly no profit being made. Not anymore!
Trade Results:
5 Wins, 2 Losses, 3 Pars
Gross P/L: $132.50/per
Weekly Trade Results:
Net P/L After Commissions: $947.75/per
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9 comments:
Nice week Matt, congrats!
Well done, and good luck next week!
Congrats man! Keep it up. Do you trade anything other than 6B/6E?
Congrats on your new found success!
Thanks gents!
I am actually trading the 6A,B,C,E,J,S in tandem.
Stop blowing smoke up his skirt. Not enough examples yet.
nice week. do you mind link to my blog at: http://riskcontrolfx.blogspot.com/
good job on your consistency for the past weeks.
i was wondering if you could give a comment or hint on your money management like stops/profit targets etc, it would be greatly appreciated =)
I use a 7 tick initial stop and get to par at a +4 tick level, and then trail my stops up tick for tick from there into profit.
Its not perfect, but it keeps me in the straight line moves and protects me on the reversals and short runs.
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