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June 2010

This month was a reflection and testing period so I didn’t trade too much.  I decided to stop trading the highly leveraged Counter Trend Trade and Accelerator Trades that was responsible for my stellar gains the last few months.  Click here to find out why I would want to do that.   Even though I didn’t mention it in any blog posts I stopped trading the CTT for similar reasons.

Trades:

FXCM

28 /GBPUSD London Trade (+1.1%)

28 /GBPUSD London Trade 2 (-1.1%)

29 / GBPUSD London Trade (+1.1%)

29 / GBPUSD London Trade 2 (-2.5%)

30 / EURUSD London Trade (-1.7%)

Results:

FXCM : -2.4%

Notes:

I’m still getting used to the London Trade and I’m a little too apprehensive in taking trades.  This has been carrying over into my other techniques and I have not been taking trade that I should.  I just have to backtest and practice more…that’s all there is to it.