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Dylan Doyle
4 May 2015
Today was my "Californian Renko Strategy"'s first day of trading as a signal, the profits were small however successful. With two of three positions closing at 1.2 and 6.2 pips. The 1.2 pip was closed a bit prematurely due to a trailing stop and the 6.2 hit a small TP I had set for it. Overall I am pleased, my aim for the day was to make a few small successful trades. The position that is still open is a small lot that had failed to close at it's take profit level during the day, however it had crossed over but the dips weren't enough to let the TP take. Nonetheless I still anticipate the position to take profit during the night and have set my stop loss equal to about half of the days profit in order to start demonstrating my risk management tendencies.
Today was my "Californian Renko Strategy"'s first day of trading as a signal, the profits were small however successful. With two of three positions closing at 1.2 and 6.2 pips. The 1.2 pip was closed a bit prematurely due to a trailing stop and the 6.2 hit a small TP I had set for it. Overall I am pleased, my aim for the day was to make a few small successful trades. The position that is still open is a small lot that had failed to close at it's take profit level during the day, however it had crossed over but the dips weren't enough to let the TP take. Nonetheless I still anticipate the position to take profit during the night and have set my stop loss equal to about half of the days profit in order to start demonstrating my risk management tendencies.
Dylan Doyle
Wonderful page image by the "Spider Man of Sacramento" and friend Dustin Schuh! Dustin takes breath taking photographs of the city of San Francisco including the illustrious financial district.