Two winning trades on the Dow but a small losing day on Forex.
The Dow was a lot quieter than yesteday and gave 2 winners by 9.40 so a nice short day. Video here.
Forex was a different story with quite a choppy market to trade and produced a losing trade and a potential losing trade a couple of hours later that was only averted by the fact that the market had moved up over 100 pips in just 3 bars - nothing keeps moving that fast without a retracement. Later there was a winning trade that left us down 7 pips on the day. No one wins them all !!
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The trade we took at about 6.15 AM we traded it as an Initiation Trade but it doesn’t seem to quite fit the definitions of Initiation Trade or Continuation Trade according to the course. It is not an Initiation signal the UpBar at 6.15 AM because the price was already trending up from around 4.30 AM. The theoretical UpTrend signal was at about 6.30 AM when the lower Bollinger crossed up the MA. I would have waited for a DownBar first.