DAX - 12.36 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.
Thursday was very volatile during the ECB press conference. I closed my long trade FAR too early, only to watch the market climb higher all afternoon.
A difficult week, no great trades.
I have decided to:
1 - Not trade the F type trades (after 1500 London time), since this is my weakest period.
2 - Not to trade shorts, since the long side is where I have historically made the bulk of my profits.
By concentrating on longs, I can focus better on selecting the best trades.
Textbook example of 30 min resistance becoming support:
Stay disciplined.
Stay focussed.
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