Friday, 7 May 2010

That's it folks

Well the two trades from yesterday morning were all that was on offer, and with the moves that had happened during the afternoon, and during the evening/asian session, there literally isn't anything of note on offer today.

Some of these moves have been mental! 150-200% of daily ATR's been done in a day. Down and up!

I had to walk away from the computer this morning, as I was starting to get itchy fingers looking for trades off daily high and low levels. It isn't in my trading plan to do that, I don't have a clearly defined entry and exit strategy, or more importantly, I don't have the skills necessary to do that type of trading off the cuff. So it was forcing myself to close the trading screens down for the week.

All in all though, a pretty decent weeks trading to say Monday was a day off, and by 8am Thursday morning, the week was pretty much done. Ended up returning over 550 points on the week, and that's even with a EJPY trade from Tuesday morning that I missed because MT4 wouldn't take my order as it the entry and market price were too close together. That trade alone hit all three scalper and swing targets, so that was 390 points left on the table.

A bit of interesting reading from my account for the month to date

Current month used pairs:4 (eurjpy, eurusd, gbpjpy, gbpusd)
Current month best pair:gbpusd with £ 60.88 (109 pips)
Current month worst pair:eurjpy with £ -12.16 (-175 pips)

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