Sunday, August 30, 2009

4th Week of August

This week was very difficult to trade with the elliot wave method, as lots of news always interrupted the patterns. So Monday, Wednesday and Friday pretty choppy only scalping was really profitable these days. On Tuesday and Thursday however the two elliotwave trades on 10 Min Chart worked out. Also notice the targets for Thursdays Lows was predictable, what was not predictable was the volatility which obviously stops out every trend based system that trails the stop.

So to make it short, discretionary trading becomes more and more fun for me, not only I dont miss good moves, but also I can protect my profits better, than waiting for imaginary targets that seldom get hit.

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