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5min/1h TrendFollowing on ESTX50, SMI, & GBL
- Thread starter KS96
- Start date
Quote from ranger64:
that was a nice entry, what made you decide to go short at 8370? the fact that it closed the gap to the bottom of the previous day?
Momentum was down in 30min charts.
Got in while it was correcting up in 5min charts (low risk entry). I didn't even look at the gap.
That's all. I am using a momentum strategy.
No way to know when it will give a good trade or not. I just have to take all of them and see...
Weekly summary, week ending on Fri 22/Sep/06:
---------------------------------
ESTX50: +113 pts, 16 RTs.
SMI: +134 pts, 4 RTs.
GBL: -96 pts, 17 RTs.
---------------------------------
Account balance (22:55 CET): $16,196
Weekly return: +$517 +3.30%
Total return: +$3,196 +24.58%
* The account balance is less than what it should be according to the results above, due to a couple of open forex trades in the red irrelevant to this journal.
---------------------------------
ESTX50: +113 pts, 16 RTs.
SMI: +134 pts, 4 RTs.
GBL: -96 pts, 17 RTs.
---------------------------------
Account balance (22:55 CET): $16,196
Weekly return: +$517 +3.30%
Total return: +$3,196 +24.58%
* The account balance is less than what it should be according to the results above, due to a couple of open forex trades in the red irrelevant to this journal.