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European Session
No. of signal recommendations: 1
End-of-session results: USD/CAD (+5 pips)
Maximum potential: 20 pips
Own P/L: -11, +10
The US dollar was sold off in other currencies, somehow, our open CAD position remained resilient, i.e. was able to reverse its early losses and staged a minor recovery. I wish I could do better with my own p/l. My focus is now on the non-farm payrolls trading session.
US (Non-farm Payrolls) Session
No. of signal recommendations: 3
End-of-session results: GBP/USD (+45 pips) , EUR/USD (+5 pips) & USD/CHF (-45 pips)
Maximum potential: Over 140 pips ?!!
Own P/L: -30
Not sure how to write this entry. We went long on the US dollar. But then, the non-farm payrolls report was bad. The reward-risk ratio was therefore dramatically altered after the news releases and everything became awkward since the news was against the system sentiment.
Read my early post on how to cope with poorer-than-expected news data.
The positions went to drawdown initially, became good winners and finally ended with mixed results. To my amazement, there were still 140 pips up for grabbed ?!! But the system eventually settled for +5 pips. Hey, a fair result despite the poor job numbers !
On the other hand, I was way too conservative and ended with a bad result. But I was glad that the the all-important non-farm payroll was finally over and my system did OK.
The system gained +220 pips during this week !
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