My EU position hit SL at 200 pips. After 50 pips bounce from 50%, it continued to break the 50% level. Actually, I used to cut loss if the price breaks 61.8% retracement, but in monthly/weekly chart it means that the range will be huge and I totally forgot about this. Next resistance is at 61.8% retracement level. If the price closed below 50% on monthly chart, I may enter another short :). So I will check it again next year.
Below is EU monthly weekly chart. EU retrace from 1.2328 low reach 50% of 1.6037 to 1.2328. On weekly chart, price is near 34 EMA. Target for downside is the previous low. I entered at 1.4110. I intend to hold this position until target. Who knows guys. It's seems like a good opportunity ;P
I trade on 18 days out of 20 trading days last month with 25 winning trades and 13 losing trades. However, I lose 351 pips, where the first week contributed a lot. It seems like it become a regular thing for me: lose big and then tried to get it all back for the rest of the month ;P Below is the daily return in November.
My blog has been filled with nothing but monthly result lately and I guess I'm sorry for that. Two of my classes just ended so I hope I can spend more time updating my blog. If the results were good, I bet I wouldn't care ;p hehehe.. Ok..later..happy trading.
I got 459 pips at the end of October. However, I lose 47,99% in term of money. I lose around 37% in the first week, tripled my account in the next two weeks, lose again in the fourth and then get some in the last week.
I tried to analyze the entries and I got 18 positions out of 24 that were based on the system, and one position managed badly (did not set initial stop loss).
Okay that is all for now. Happy trading traders :)
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