Done for the week -45 pips

The results weren't as bad as initially feared, given the current volatile global market conditions. And it was OK to take hit occasionally. The Euro continued to move against the initial short position by a massive 300+ pips soon after the exit. A right call after all.

Remember - safe trading comes first. We shall be rewarded in the end by staying in the game.

1-25 Friday No Trade
1-24 Thursday +33 pips
1-23 Wednesday No Trade
1-22 Tuesday -89 pips
1-21 Monday +11 pips

4 trades (2 Winners, 2 Losers)
Largest profit trade +33 pips
Largest loss trade -72 pips

Related posts:
Done for the week +102 pips
A Flat Week -3 pips

European Session +50 pips

Closed short EUR/USD at 1.4377 for +24 pips
Closed short GBP/USD at 2.0126 for +26 pips

The profits came immediately soon after my position openings. But it nearly slipped away. From zero to a maximum paper gain of 70 pips, and backed down to 10 pips. I was hoping them to hit my initial targets of 80 -100 pips.

When the profits realised for the second time (though not as many as the first time round), I got out immediately. (I learnt my lesson here). All of these happened so quickly just in a span of an hour. The price action was simply too wild and I managed to convince myself to be flexible from time to time.

Trade the News Entry on CAD Employment Report

12pm CAD Stronger than expected increase in employment

Trade entry:
Time: 11.40 pm
Direction: Long
Price: 1.0124
Target: 70 pips above
Stop: 35 pips below
Exit: 1.0027 (-98 pips???)

Bad brokering and non-guarantee stop. I saw the fast-changing price but the execution platform just stopped functioning. Speechless now.

Done for the day - 37 pips

Closed long USD/JPY at 111.10 +15 pis
Closed long USD/CAD at 1.0104 - 52 pips

Frustrated. I let the winners slip away. A late price reversal during the London close wiped out all my earlier gains. I should be extra careful as soon as the price momentum was waning. I should try my best to end the day in profit. Bear with me, I am still perfecting the skill.

Trade the News Entry on USD ADP Employment Change

1.15pm USD Stronger than expected increase in ADP employment

Trade entry:
Time: 1.08 pm
Direction: Long
Price: 1.4725
Target: 80 pips above
Stop: 40 pips below
Exit: 1.4685 (-40 pips)

Comment: Perhaps I should have exited the position immediately since the news was not on my side. Technically strong setup, even Better system got it wrong too ! ;-)