Friday, September 11, 2009

02th Week of September

This week was very bullish, so breakout long holding till the end was often the best strategy, on thursday the reversal bar strategy provided very good signals to trade the gap fill short and then continue long. On Friday the news events on 8.30 and 10.00 am caused lots of confusion, luckily after then news a short signal happend, so all days this week where profitable with the 10 Min Chart.

Obviously the 2 min elliot wave signals and the 30 sec. scalping method using the eASCTrend and Reversal bars for exit where also quite profitable.

So what I will do next week is combining both methods: Using the targets and direction from the 10 or 60 Min chart and then entering with even lower risk using the 2 min or 30 sec. signals, this should increase the risk to reward ratio quite a bit and on the same time lower the amount of trades by not taking every scalp trade.

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