195 pips This Week

October 6, 2006 by Trader Rich 

I lost an H-system trade earlier today during the European session but nevertheless remained up 195 pips for the week.  I'm done for the week. 

This weekend, I will continue my dedication to the markets and do some backtesting of the Divergence and pivot point system.  I've also been busy adding new pivot point calculations to http://www.allpivotpoints.com .  Last night I added Camarilla, Fibonacci, and DeMark pivot point calculations for all securities.  So there is now a total of 4 different pivot point calculations for each security.  I'll continue to work in adding midpoints and 3-day rolling pivot points which I'm looking at using to create a breakout system.  I'll give more details when I can figure out the formula.

Hope you had a good trading week.  If you did, great, keep at it.  If you didn't, like some of you I've talked to, just keep going and don't get discouraged.  This isn't easy.  If it was, everybody would be doing it.  Just remember that if you lose, you learn and if you're going to lose money, this is a good way to do it.  Just be sure to evaluate why you lost and don't just block it out and never think about it again.  Then good losses turn into bad losses.

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