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Monday, November 24, 2008

Finetuning

Hi, I'm back now with a new focus and doing some fine tuning on my trades. I'm no longer on the 10pip scalping theory but am looking at more quality trades to lessen the amount of time I spend trading albeit the emotional roller coaster ride than comes with scalp trading.

I find that I can trade comfortably well when I've identified the support and resistances for the week and day and my new goal is to gain at least 100pips a week.

Last week, I fell short of 1 pip over 4 trades. 3 good ones and 4 bad ones.