Thursday, August 21, 2008

Wed Aug 21st Frankfurt

I started watching at 9:30 and there was no action what so ever at the start of this period. I'm starting to think its best to just start watching at 10:30 to 12. I did well getting out of bad trades during this period. However I should have never trade scalp 3 and 4. Scalp 3 was just a bad time to scalp with low activity and scalp 4 was trying to make up for scalp 3 on the same formation. It should be a general rule to only scalp once per setup. Also, Scalp 6 was the stupidest trade of all time it has been a rule of mine never to take trades against the bottom line of the setup. This was just blatant over trading etc... Stupid...

Scalp 1 = +2
Scalp 2 = -2
Scalp 3 = -2
Scalp 4 = -2
Scalp 5 = +9
Scalp 6 = -5

























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