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Friday, May 4, 2012

20120504-5

6E
Open:
Long 1 @ 1.3111. DD, 10 ticks bracket, stop loss low -4. 

Close:
Sell 1 @ 1.3117. It came up to 1 tick from my 10 ticks target, decided to close the trade because of the overall negative trend. It turned out the original target was never reached. 

Don't think or pay too much attention to DD, the signal is more reliable on no or weak trending days, if so, put in 3 contracts, take off 2 to cover the stop loss distance, and let the last one run. You need to let it run, that's how DD will pay off!

1 contract $75 ex fees, $66.76 net.
For the day $43.75 ex fees, -$12.01 net.

Daily Statement

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