Retracement Levels

Finished my first week on RL (RetracementLevels) trading system and wow! I am impressed. I can honestly say that I have traded for the first time with no fear or emotion using the system, particularly with currencies. After 1 week my currency acct is up 7%! 7 trades, no losses and I am flat for the weekend.

In my last post I noted how my "trading personality" seemed to fit with this system and I have to say after this week I am convinced that this is indeed the case. A really relaxing and profitable week.

I did use the system with other accts trading spy and QQQQ options. Trading very small size (1% of acct to open the position) as I adapt the system for options trading. I will keep these trades small in size as I determine the best options strikes and months to work with using delta as a reference point. In 5 accts I traded a total of 23 call option contracts for a net profit of $1300.00 in just 2 days. Not sure if I can repeat this or not but I believe the opportunity here is very very good.

More next time

Ernie