Monday 2 December 2013

EOD Analysis

Today I only took one trade.  It was in line with the trend after a retrace. It was very good entry when I had seen retrace exhaustion, with a CBO down bar closing in its middle, at a throwback zone.  I took 45 ticks profit, with very little heat.  So it was a good trade, based on how I hope to trade in the future - i.e the pullback in a confirmed trend.

I did miss an earlier trend trade on the open, due to not being properly prepared, and this is something I need to address.  There were further good trend re-entries after retraces, but 1 good trade is enough for me at the moment.  Maybe, in the future, when I become more confident, I will try to take more than 1 good trade.

Here are some charts:






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