Friday, July 31, 2009

Review July

This Month was a very bullish, by the using elliot wave method the trades always reached their final targets and there was no confusion how long trades would last.

The buy signal on the 10th of july was one day too early and got stopped out for breakeven, however by using 10 and 2 min charts it was possible to catch most of the uptrend.

On the 60 Min Chart the risk was never bigger than 55 points. On the 7 trades we had in average a Risk Reward Ratio bigger than 3 and in fact no loosers.

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