Tuesday 18 March 2008

Smooth Riding & Fed Rate Decision Tuesday

European Hours

No. of signal recommendations: 1
End-of-session results: EUR/USD (+55 pips)
Maximum potential: Over 70 pips
Own P/L: +29 & +54 pips

Smooth trading so far ! View one the member's results in this London morning session.


US Hours

No. of signal recommendations: 1
End-of-session results: USD/CAD (-10 pips)
Maximum potential: 35 pips
Own P/L: +33 & -8 pips


Late Hours

No. of signal recommendations: 2
End-of-session results: EUR/JPY (-70 pips) and CHF/JPY (-10 pips)
Maximum potential: 40 pips
Own P/L: +21 & +14 pips

The system is still underperformed with the yen-crosses pairs. See reason why here.

Anyhow we had a FED interest rate decision in this late session. Using the suggested stop loss, the EUR/JPY position was already stopped out before the announcement. I held my own positions thru the news releases (with a bigger drawdown !) , but quickly exited for small gains as soon as they went my way ! A scary episode to end the day...

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