Sunday, 15 August 2010

Week 2 Review

This week all i can say is elliot wave + fibonacci + profitunity = money making... Elliot wave really really help you to see the underlying structure of the market. It makes me see if I'm in a trend or in a counter trend position.

For GBP/USD, i manage to trade 6 position, and my total profit is 132 pips. As for my EUR/USD, I traded 6 position with a total profit of 95 pips and i still have one EUR/USD open position. So that would be a total profit of 227 pips this week. Should have made a lot more though if i stay in the trend a lil bit longer : ( . That's the lesson for this week, when you're in a trend, just follow the ride until the market tells you to get out. Hopefully next week will be better : )

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