Five Minute Trading – Just Missed – June 5

The 5MADT trading strategy just missed last night. The market traded lower from our reference point, but missed triggering the buy order by 1.5 points, then rallied hard, triggering the sell order and then the stop loss in quick succession. No tears – that’s trading.  Four more successful trades required for a winning month.

Here’s today’s reference prices:

20130605 prices

 

And the scorecard:

20130605 results

 

You can read more about the 5MADT strategy here.

About michaelmccarthycmc

Chief Market Strategist - CMC Markets and Stockbroking Regular on ABC, BBC, Bloomberg, Channel TEN, CNBC, SBS and SKY
This entry was posted in Forex, Market, Trading and tagged , , , , , . Bookmark the permalink.

5 Responses to Five Minute Trading – Just Missed – June 5

  1. Mark says:

    Hi Michael. On my screen at least, I can see the entire reference prices. Can only see the first 3 digits.

    • Hi Mark – yes, there is a problem at the moment with some of the graphics. Over this weekend we will take the site down to fix some aspects – in the short term, if you click on the table it will open as a new window, and should be readable

  2. Dave says:

    Hi Michael
    I’m a bit confused with result on the 5th. I have it that on a 5 min chart the trade was triggered on the 16.55 candle (14.55 in WA ) and resulted in a loss!

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