+ 10 pips = $50

08.13.10

Three losing trades in a row to start my day. Consolidation before all the news was released created unfavorable price pushes into my stop-losses. Good thing is I stayed focused (for the most part) and patient while waiting for what happened ---> A nice push out of consolidation wiping out my previous losses and booking 10 pips for the day. WORD.

5 comments:

  1. Hi Harvey, been enjoying your blog and wondered if we could swap links?
    BB

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  2. As a retail trader with no prefessional coaching / teaching, its nice to see someone do well trading a time scale most literature mentions as a doomed process. Ive been trading for almost a year now, focussing on currencies using 3 min price bars and will be keeping tabs on how your trades develop going forward. Nice trading.

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  3. Bam Bam - sure no prob.

    Chaos Theory - Thank you.. but I'm not there yet! .. perhaps well on my way, only time will tell. I agree with you its not a doomed process to trade the smaller time frames. Check out Don Miller, www.movethemarkets.com, Forexbird & www.cyrox.com/forum for other people whom prove that the smaller time frame trades don't doom you to losses.

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