Jan. 24, EURUSD orders cancelled, end of day results: -84 pips

January 24, 2014 at 5:23 pm
There was no active trading today and since its Friday, I am done for the day and for the week.

Have a nice weekend!

USDCAD closed

January 24, 2014 at 5:00 pm
USDCAD is closed at 1.1078 for a total loss of -84 pips

USDCAD is stuck in a range

January 24, 2014 at 4:19 pm
I am going to close USDCAD on the nearest move upward.

EURUSD trade on news

January 24, 2014 at 4:15 pm
At 12pm today, ECB President Mario Draghi is due to participate in a panel discussion titled “The Path from Crisis to Stability” at the World Economic Forum’s annual meeting, in Davos;

EURUSD Buy 1.3701 Sell 1.3663

Fr., Jan. 24 morning

January 24, 2014 at 12:44 pm
The EURUSD hit my stop loss at 1.3669 and realizing additional 18 pips of profit. Thus, the total profit from yesterday’s trades is 138+18 = +156 pips

New order today:
USDCAD trade on news: Sell 1.1049 Buy 1.1106

Jan. 23, end of day results: +138 pips + 1 unit still open

January 23, 2014 at 11:36 pm
Nice trading today:

USDCAD: 1st unit closed at 1.1108, 2nd unit at 1.1093, 3rd unit closed at 1.1108 for a total profit of +75 pips
EURUSD: 1st unit closed at 1.3671, 2nd unit closed at 1.3694 for a total profit of +63 pips, the 3rd unit  is still open with the SL at 1.3669
The total result today is +138 pips

Th., Jan. 23 morning news trades

January 23, 2014 at 12:53 pm
USDCAD Buy 1.1176 Sell 1.1128

EURUSD Buy 1.3651 Sell 1.3619

What to do when you make a mistake?

January 23, 2014 at 12:32 am
Sometime we all make mistakes. It can be pressing a wrong button, forgetting to close an order, opening a position bigger than intended, etc.

What should  you do when you discover your mistake? The answer is plain and simple: close that position immediately regardless whether that accident benefited you or caused a loss.
As I said before, if there is no reason behind your trade, it should be closed. By reason I mean your trading system. So, if the trade does not fit your trading system, it should not be open.

Mo, Jan. 20 overnight order result: -69 pips

January 22, 2014 at 3:25 am
EURUSD did not cooperate. The stop loss was hit for a total loss of 69 pips.

EURUSD order update

January 21, 2014 at 12:36 pm
The order got filled at 1.3529, the stop loss is moved to 1.3552