- 7am - no trade
- 11am - 1 trade
- 3pm - 1 trade
- 7pm - no trade
- 11pm - no trade
- 3am - asleep!
Upthrust on the 4hr chart, traded just after 11am. Took 18pips from it, but as usual, should've stayed in longer. It reached 60pips at best. Profit nonetheless.
Trade 3 - GBP/JPY- Bought @ 132.24 - 3pm Bar - Closed @ 132.44 = +20 pips
Trade 4 - GBP/JPY- Bought @ 132.46 - 3pm Bar - Closed @ 132.45 = -1 pips
Trade 5 - GBP/JPY- Sold @ 132.45 - 3pm Bar - Closed @ 132.55 = -10 pips
Trade 3 was good, 4 & 5 are a comedy of errors.
I took Trade 3 based on a test into new ground on the 4 hour chart and set a profit target of +20. Instead of letting it run it's course, I went to close it at about +15. It was a Buy so to close I needed to Sell, unfortunately I clicked Buy by mistake which added to my position, so to close it i thought i needed to Sell at double the price. Unfortunately i didn't. Least i think that's what happened, bit of a mess really, needless losses because of the large spread on this pairing (10pips) Anyway, came through it at +9. According to trade guider, from the open to the high was 137pips!
In the future I definitely need to look into getting more pips from trades but i think for now, setting a 20pip target for each trade isn't a bad idea.
- Day = +27
- Week = +29
- Month = -53
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