Triton Update

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By admin • Jun 6th, 2008 • Category: Triton

From Triton for today below. His risk/reward over time and his trading discipline is what I like.

Keep the faith folks… its hard but without faith in what I do I would not be able to ride through a rough patch for my strategy.

One of the things I made a conscious decision to do many years ago now was to ride through these rough patches of my strategy as I tended to lean towards stopping and starting (ie not be consistent in my trading approach) as a result in hose early days as soon as I stopped the market would open up on me and I would then watch a few winning trade or days building my faith back and then start implementing my strategy… low and behold as soon as I started again I might catch a couple of good runs and then hit the loosing cycle again.. stop start stop start… ggrrr missed trade… If only I had carried on. So for me that’s the decision I made consistent application of my trading plan

Without a doubt it has been a tough weeks trading… trades setting up and fizzling out to nothing. Looking back on the week so far Tuesday and Wednesday saw the worst of it.. and Thursday not as bad and Friday so far has been ok.

Not to much setting up today and even given the precautions I take ahead of some of the bigger figures like NFP I have managed to book some small profits so far for the day with one trade still open.

3 trades in total for the days session so far

GBPJPY

6/6ths position – 40

CADCHF

6/6ths position +60 and

EURJPY

Open - which I’m looking to manage as normal and will look to close this out for the weekend.

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One Response »

6ths » Blog Archive » Triton Update on June 7th, 2008 at 4:33 am:
[…] Triton Update 3 trades in total for the days session so far. GBPJPY. 6/6ths position – 40. CADCHF. 6/6ths position +60 and. EURJPY. Open - which I’m looking to manage as normal and will look to close this out for the weekend. […]