Wednesday 7th July

by 15:14 0 comments
  • 7am - 1 trade
  • 11am - no trade
  • 3pm - no trade
  • 7pm - no trade
  • 11pm - no trade
  • 3am - asleep!

Trade 3 - GBP/JPY - Bought @ 132.45 - 7am Bar - Closed @ 131.65= -50 pips



Poor trade, but again, retrospect is wonderful, the 6th bar looked like a test on the 4hr, 3hr and 2hr charts, but further analysis of the 5min and 10min charts showed weakness, specifically no demand. Went long on the 7th bar and lost the 50 pips when it stopped out.

I think this trade was inspired more by trying to make up yesterday's loss. After making this loss i saw two further setups at 11am but bottled it. They both hit profit targets. Nevermind, losses are inevitable, it's just the small starting pot that worries me a little.

  • Day = -50
  • Week = -89
  • Month = -89

KT

Author

28. Forex. Trading. Music. Beer. Food. Travel.

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