Mar 23

Print this Post

Week 6 – Tuesday 23rd March

A day that promised so much that somehow I conspired to manhandle. What should have been a nice profit with the few trades I undertook turned out into a loss of 80 pips on the account.

A combination of :

1)Not holding firm to the strategy when close to the stop-loss on EURCHF today cost me 70pips. I manually exited when another JPY trade hit its stop-loss so wrongly I took this one-off the table. Letting the trade run it’s course would have been the thing to do – either hit the stop or don’t. Either way the trade did take 10 hrs to mature.

2)Incorrect setting of stop losses also was a problem on EURCAD that cost me another 40pips. Got taken out prematurely in the trade.

I did finish the day with +20pips on EURUSD following my 1m Snapper Strategy. I’ll post this one to the blog so something positive for a change!

1m Snapper Trade on EURUSD +20pips

1m Snapper Trade on EURUSD +20pips

Good Trading y’all.


If you enjoyed this post, make sure you subscribe to my RSS feed!

Permanent link to this article: http://intradayforextrading.co.uk/2010/03/23/week-6-tuesday-23rd-march/

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>