Monday 30 March 2009

No Limits

A frustrating trading day today. I was using a slightly different exit strategy to lock in break-even earlier, and changed my daily routine to allow me to trade from the office between 7 to 8.30. The result was I took good entries short on EURJPY and AUDJPY, on top of open trades for GBDUSD and USDCHF. In an hour I had taken about 400 pips. But a combination of having a recent emphasis on swing trades, and concentrating on break-even exits resulted in my leaving the last portion of the trade open, even though my analysis on longer time frames had clear target levels that were being approached. End result, the pips slipped out of my fingers and it looks like I will finish break-even for the day.

No comments:

Post a Comment