May 20th, Weekly Trading Summary - Real Money Account Profit $507 - Sim Account Profit $4660


Overall a pretty good week.

Broke a milestone with $5,000 profit in the Real Money Account.
Pretty good for 3 months. Annualized ROR better than 20%

Increasing the contract to 2 per trade on the Sim Account has made a significant difference.
Came up just short of $5,000 this week, the best week to date.

The plan now is to start taking additional trades in the Real Money Account beyond our Open Trade, the next step in transitioning what we are learning in the simulation into the real world.
























The results, in the Real Money Account, so far this year have been primarily from the Open Trade.
So, what is this Open Trade.
I recognized that there is a flurry of activity on the open and more often than not the market swings up and down within the first 30 minutes.
I wondered if this would present a trading opportunity so I started tracking this action, gathering some data and doing some statistical analysis.
What I found was that it about 80% of the time the market will move up and down 1 point from the open in the first 30 minutes.
This means that you would have an 80% chance of success regardless of whether you go short or long if your target is 1 point.
Can we improve on this?
Buy adding a couple of qualifiers, such as how the 30 min and 5 min 8:30 bars close, is it a naked close, does it close up or down and adding in the 2,000 and 10,000 tick charts we can improve this to nearly 90%.
Of course nothing is 100% so you need to have a reversal strategy.
Keep reading my daily blogs to get an understanding of how that works.










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