Wednesday, August 11, 2010

Where is the confidence?

Had 5 trades so far, one win, one loss and 3 scalped win. Overall this week portfolio was down a little. And the running trade, NZD/JPY from last week is still open, currently down approximately 190 pips. Real time status for this trade is -12%. Did not managed to get out when it was at a smaller loss. Unwilling to accept the loss and ended up constipating the trade. Managed to recover some losses from yesterday USD/JPY trade that cost me 3.5% of my portfolio. Shorted EUR/JPY today at GMT5:37 at 111.733 without any profit target set. And closed it with only 24pips profit to recoup 2.1% of portfolio. The pair managed to hit the low of 109.764 at GMT14:00 for additional 170+ pips. The trend look rock solid for a downtrend but I was sceptical. I was not confident enough.

No comments:

Economic Calender

BBC News | Business | Economy | World Edition