Wednesday’s currency trade

Posted on November 14th, 2007 in Trading Journal

I made some money today. However, I did not make good trade. I got one late entry of USD/CHF, which I closed the position with +12 pips. EUR/USD is a better trade, first target was hit, I closed half of my positions, but I failed to let the another half run, I was affected by emotion. EUR/USD closed with +152 pips during lunch hour of London sesson. This migh be a bigger winner. All in all, end the day with +164 pips.

Here are the….. CHART!

From the desk of Tradergav.com

Tags: FX, Trading Journal

Tom

Yeah I've been away, concerned with work relate issues like you.

Tom

TG: Way to go! I'm glad to hear that you're selling half and letting the other half ride. Since I started doing that I've been consistently making $

AUDUSD setting up for a rally IMHO.

Gav

Hey Tom,
Nice to hear from you. Yeah, I found it to be a good idea to protect my profit this way. It makes me feel more comfortable when practicing 'let the profit run'. :-)

uhm.. I agree with you for the Aussie dollar. But I am not rushing in immediately now.

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