- 7am - 1 trade
- 11am - 1 trade
- 3pm - no trade
- 7pm - trade
- 11pm - trade
- 3am - asleep!
A much better start to the week, traded an up thrust on the 4hr chart. Whilst i'm happy to make some pips it went to about +100 at it's highest point and i can't help but feel i could've got a lot more from it. Once it got to +20, i moved my stops as i suggested last week. I moved the stop to +5 to guarantee a small profit. The trade dropped off a little but wouldn't have stopped out. I should really have left it in and gained my 3rd profit target of +40. It's still profit nonetheless! Picture taken at around 9:55.
Trade 2 - EUR/GBP - Sold @ 0.8386 - 11am Bar - Closed @ 83.94 = +12 pips
I actually intended to trade this pairing this time around. Glad i did too, small amount really, but it still eats further into the losses from last week. Another up thrust at the top of the market, sold at the open of the 11 bar and monitored on the 5min chart, saw strength coming in so decided to get out. It was a good decision at the time but after a short rally upwards it moved down again and topped out at about 49pips just after the start of the 3o'clock bar. Again, more pips gone astray. Nevertheless, +31 for the day.
To add to the profits of the day i also made two correct calls on other currency pairings which i'm quite pleased about. I seem to be able to read the charts a lot better now.
- Day = +31
- Week = +31
- Month = -55
... A fine days trading by all means ...
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