# 10

BUY EUR/USD @ 1.4818

Size: 0.1 lot

Stop: 1.4747

Target: 1.4848

B.E. N/A

CLOSED AT PROFIT

BTD : $ 5175.00

PTD: 211 pips.
WIN : 70%

CLOSED AT THE VOLATILE i-RATE TIME. IT EVENTUALLY HIT MY TARGET OF 30 PIPS.

MY MONTH IS OVER. I’LL POST MY MONTHLY REPORT TOMORROW.

# 9

SELL USD/CAD @ 0.9978.
Stop: 1.0030

Target: N/A.

B.E. 0.9925

CLOSED AT PROFIT (0.9964)

BTD : $ 5164.04

PTD: 200 pips.
WIN : 67%

IT TOOK A DAY AND AS IT WAS BEFORE THE i-RATE, THE MARKET WAS GOING NO WHERE. I OPENED ANOTHER TRADE, SO CLOSED THIS ONE AT A SMALL PROFIT AS I DON’T LIKE TO WORRY ABOUT TWO TRADES AT A TIME!

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Week 1

OK, after one week and having 8 trades we are up by 3%. Not bad, eh?

Here is the review of my 1st week here:

1. Why: My weekly goal was to reach 1.5% which I am now at 3%. My monthly goal is 5-6% which I might get to next week. If I get to that point, I’ll reduce my lot size.

2. What:  I’ll try to get more trend trades as the craziness over the US economy slows down.

3. Risk: risk a small portion on each trade and as soon as I get to the 5% mark ($ 250 profit), I’ll cut my size in half.

4. Psych: I try to be more sober and rational in future. This week I should not have taken those two last trades, but as I was looking to take them, I did and well, the sum was a negative. I tried to let the profits run (in the case of GBP/JPY I was up around 300 pips at one point) and cut the losers as fast as possible (in the case of EUR/USD I didn’t take the chance and closed it ASAP).

Here is my equity curve for the week:

# 8

BUY EUR/USD @ 1.4752

Stop: 1.4642

Target: 1.5000

B.E. 1.4850

Closed at loss

BTD : $ 5147.76

PTD: 186 pips.
WIN : 63%