Hi Everybody.
Well, in my last post I did say that we were now in the “good part” of the cycle in the Cyclical Nature of Trading, so another good day on Friday should have come as no surprise. We all have to remember about the Cyclical Nature of Trading, where Profits , losses and the quiet times all go in cycles, so the trick is keeping the losses small in the bad time so you are ready to maximise your profits in the good times, and this is where we are now.....
Both the YJ and Russell Index had good days, so let’s start with the YM
A standard trade, that was managed using the standard trade management guidelines for a nice +2.3R Profit (ignoring slippage and commission). There uis little else I can add, as the charts says it all
Thanks, Steve
Well, in my last post I did say that we were now in the “good part” of the cycle in the Cyclical Nature of Trading, so another good day on Friday should have come as no surprise. We all have to remember about the Cyclical Nature of Trading, where Profits , losses and the quiet times all go in cycles, so the trick is keeping the losses small in the bad time so you are ready to maximise your profits in the good times, and this is where we are now.....
Both the YJ and Russell Index had good days, so let’s start with the YM
A standard trade, that was managed using the standard trade management guidelines for a nice +2.3R Profit (ignoring slippage and commission). There uis little else I can add, as the charts says it all
Thanks, Steve
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