For a better illustration, I am going to keep weekly stats from the beginning of this blog: Week 1: +231 pips Week 2: – 19 pips Week 3: +415 pips Week 4: +366 pips Week 5: +137 pips Week 6: +150 pips Week 7: + 20 pips Week 8: +155 pips Total: +1455 pips
Fri., Jan. 17 end of day
Yes, I call it a day and a week. I have cancelled my order, hung my gloves on a hook and went to enjoy my weekend :))). I am always impatient on Fridays. If there is no immediate action in the morning, I am out. I don’t wanna get stuck in a trade that goes … [Read more…]
Fr., Jan. 17 morning
EURUSD Sell 1.3559 SL 1.3603 P1= 1.3541 P2= 1.3530
Wd., Jan 15 end of day result: +94 pips
My GBP stop loss was hit making the total profit for this trade +94 pips.
EURUSD is closed at the break even price
Euro is not cooperating so I closed this position for the time being.
GBPUSD trade result: +62 pips and counting
Both profit targets were reached. The 3rd unit’s SL is currently at 1.6366
News trade
EURUSD Sell 1.3598 Buy 1.3633
Wd., Jan. 15 morning trade
GBPUSD Sell 1.6398 SL 1.6441 P1= 1.6378 P2= 1.6356
What to do when your trade goes against you?
Just like it happened to me today, sometimes you enter an order, it gets filled then goes a little bit against you and gets stuck in a range. What should you do? After years of trial and error I finally convinced myself to take a loss and go home, so to speak. I know first … [Read more…]
Tu., Jan. 14 news trade results: -60 pips
The price did not move much on the news today. It just went down enough to get me on board before bouncing back. I just closed the position at 1.3678 for a round loss of -60 pips. Unfortunately, there is no way to win every day. When losses do happen I prefer to cut them … [Read more…]