Anyway, I took 2 trades today. It's always going to be on GBP/JPY unless I mention otherwise.
My first trade was a short cross of the S&R line at 229.46. This line had been holding since mid-september and had been tested earlier in the session. I got filled at 229.425, got out at 229.120.
Trade #1: +30.5 pips
Today's second trade was on the upswing later on. I have a S&R line at 230.29, a line that has been the low for October, and was still holding until today's opening jump below it. I took the long cross, filled at 230.37, and got out at 230.67. I feel I got a little lucky to reach my target of 30 pips, seeing how it pretty much touched my target, then retraced quite a bit. But nonetheless, this line proved a profitable one.
Trade #2: +30.0 pips
Total for the week: +60.5 pips
Target for the week: 100.0 pips
Quote:
Originally Posted by NickB  How did you go on the GBP/JPY trade. That was an easy one! |
If you mean for the move through 228.20, then I was sleeping. But my only consolation is knowing that I would have taken another good trade had I been around. While I prefer making pips to not making any (duh!), I get small satisfaction knowing I would have been right. After all, when I can be a full time trader, I'll be set up so that I don't miss those kinds of trades.