Birthday trades

6 May, 2006 (16:06) | Journal | By: Colin McGinley

The main focus of this week was reading and digesting Dirk’s STEP 2.3 document on trading tactics.

The most helpful aspect was introducing a method for entering the market to garner regular 30 pip profits.  The birthday trades mean that I should place my entries at the 72 and 22 price levels (since my birth year is 72).  For example, entries might be at 1.2672, 1.2722, etc.

Mezzanine trades would be taken in-between the 72 and 22 levels, i.e. at 47 and 97 price levels.

Now to put it into practice.

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