Wednesday, October 26, 2011

10/25/11 Trade Results: 5 trades, $646.25 profit

Traded both the NQ and Euro today. I had 3 positions in the NQ and 2 in the Euro. The day was extremely volatile, with the markets being in a bear channel almost all day. Ended the day around 12:30 with $646.25 profit.

Here is a chart that includes an interesting Euro position. I had my first target defaulted to 50 pips and the second target at 100 pips, but upon seeing that maybe my 100 pip target was unrealistic in the current situation, I decided to take profit on both at 50 pips; resulted in a good decision.

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