Saturday, August 18, 2012

Summary Week Ended Friday 17th August 2012

Trades

14 DAX + 17.3 BPS

All intraday trades.


Thoughts

Traded five days this week.

I am continuing to concentrate on the Dax, as it trades much heavier volume than the FTSE. Dax volatility was very low this week, range on Friday was under 35 points... The index is near the highs it made in March.

A difficult week, no great trades.

I have decided not to trade the FCR type trades (countertrend after 1500 London time), since this category has a very poor return rate.

Stay disciplined.
Stay focussed.

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