Thursday, April 15, 2010

Better Retail Sales but weaker USD...

Yesterday, longed GBP/JPY at GMT6:29 with profit target of 100 pips but closed it manually with only 13 pips profit after it reversed at GMT10:00.

At the same day also longed GBP/USD at GMT8:19 with profit target of 40 pips but were forced out at manually adjusted TS. Would have gotten the full profit if I did not adjust the SL to EP.

Later at US session, longed USD/JPY but closed it manually with 38 pips loss after trend staged a reversal. Apparently the better Retail Sales result did not favor the Dollar. Poor execution of the trade setup, more of a gamble than a trade.

The missed profit from the first two trades totally wreaked my usual calm and detailed trading pattern.

No comments:

Economic Calender

BBC News | Business | Economy | World Edition