Another trade, another stop out. Once again, the sell trade was triggered near the session low, before a rally took out the stop loss level. Trading on Friday night was the reverse of what the strategy seeks. Market conditions were choppy in a narrow rang for more than the first five hours of trading. This may have reflected a market waiting for the release of the US non-farm payrolls data. Let's hope we see more "normal" trading conditions tonight.
After the first week, the strategy is down 12 points. Fifteen trading days to go, six more wins required for a profit.
You can read more about the Five Minutes a Day Trading strategy here