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Oct 06

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A day of consolidation and breakeven

So a session of consolidation on EURUSD and  Cable during the European session and I couldn’t find much to get excited about. I took a trade at 08:15 long on EURUSD but there wasn’t the buyers left it seems to take the price to the 1.3900 mark. I was able to take the trade-off after 30mins, for zero loss,when it appeared quite clear to me that action wasn’t around.

Breakeven

Current stats since going 30min charts (22nd Sept) and narrowing to USD major’s (EUR, AUD and GBP Only) :

14 Trades : 7 going to 1%, 7 Breakeven and 0 Losses

+217pips for those that like to count these things

I am personally very happy with this level of performance to date. Less trading, less pairs but bigger returns……I like.

Jim

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Permanent link to this article: http://intradayforextrading.co.uk/2010/10/06/a-day-of-consolidation-and-breakeven/

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