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Archive for 25/03/2009

More Big Gains For Winning Dow Signals Intra Day Service

 Another impressive day for the intra day trial from Winning Dow Signals. Their email doesnt include losing trades, unfortunately, & i dont know how many there were but the default setting is 30 pips profit limit & 30 pips stop loss so assuming there were 5 or 6 losing trades still healthy profits.

On the trade alerts they tend to bank half stake when 10 pips have been achieved & let the other half run so that would worked a treat with a lot of the trades today. Looking really good and will be interesting to see what they decide to do after the trial.

Dear Member,

The main profitable moves based on the prices provided last night are below:

Dow - Short H1 6.57am = 40 points

       - Short H1 10.20am = 30 points

       - Long H2 1.54pm   = 100 points  

       - Short H1 6.00pm = 90 - 150 points

       - Long L1 7.18pm = 150 points

                 

FTSE - Short H1 9.15am = 70 points

          - Short H1 2.15pm = 30 - 120 points

          - Long L1 7.30pm = 40 points

                                    

EUR/USD - Long H2 1.57pm = 40 points

                - Short H1 2.12pm = 40 points

                

Trade Alerts - 3 = 8 points

24 more for Wealthbuilder

 Wealthbuilder strategy back on track to day with a relatively straightforward 24 pips.

Think last couple of days highlight what i think is the most important part of trading - the psycholgical aspect. I always read this when i was first looking at trading & thought ‘ thats rubbish, all you need is a good system & you just keep using it’. But as we all know its not that easy & they reckon its easier to lose money with a good system/weak mental attitude than it is with weak system/good mental attitude.

Seems ridiculous to have doubts about a system when you have grown your bank by 50% in 6 weeks but it only takes a couple of bad days for me to start worrying that its ’stopped working’. Every system, bar none, has bad runs & i think it is the case that,if you have enough personally verified proof it works, just keep doing it.  (easy to say today - see what i’m like after a couple of 45 pip losers in a row!)

New bank £773.27
New stake £1.67

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