August 2006: Week 2 review
August 12, 2006 – 2:30 amThe week started slow and flat and ended with positive note. Second week of August 2006, I closed the week with 3.62-R. We had Fed meeting on tuesday, I did not make any index futures trading before Fed meeting. I switched to Gold futures trading, with break even result, 0-R. DJ and Nasdaq had clearer direction after Fed's decision. And dummy trading continues to be profitable for Dow mini and E-mini Nasdaq trading.
Thanks Vince for bringing up currency futures ideas. I am looking into Euro FX now, and I hope I can start some Fx futures trading next week.
This is result of 2nd week of August.
It is mid August now. So far so good for the first half of the month. August is still considered a pretty decent month for me. To date, I am up 7.49 R for August. This is an encouraging result after I made some changes to my day trading strategy. Keeping things simple does help. Anyway 7.49-R is still too small to be considered good. I am trying to add in more futures products into my trading basket. My current main focus is still on Dow Mini and E-mini Nasdaq. I will stick with dummy trading strategy for the time being, and I do not have any plan to make any change for my trading strategy now. It is good to find a strategy which fits my personality and risk appetite. So, same trading style, expanding my trading basket, increase trading opportunity.
From the desk of Tradergav.com
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