Monday, May 11, 2009

Tuesday, no luck !

Hi everybody !

I have decided to jump from last monday (may 4) to To(ues)day (may 12), because I'm a lazy guy.

So let's go for the story of my unlucky day. 

5:00 pm : Back @t home, I turn on my screens and I run MT4 like everyday of the week. No signal. I have no choice, I have to wait.

Later, I see on 15 and 30 min charts, that EUR/JPY and GBP/JPY have finished their consolidation. I think that it's a good idea to open a short trade.

6:13 pm : I'm short on EUR/JPY. Target at 60 pips.

6:20 pm : I'm short too on GBP/JPY. 

6:30 pm : After 10 minutes of thinking, I have decided to short GBP/USD too. I can earn more but I can lose more with the correlation between GBP/JPY and GBP/USD. But I want more profit, so I short.

6:49 pm : GBP/USD and GBP/JPY stops are touched. There was a big rebounce unfortunately, and in my opinion, that's a reaction of the speech of Obama diffused on bloomberg at same time.

Result : - 60 pips or -61.09€

I'm unlucky because 5 minutes later, GBP/JPY fall again...

6:55 pm : I'm short on GBP/JPY. TP 30 pips.

6:58 pm : EUR/JPY and GBP/JPY reached their target !

Result : +88 pips or +61.17€

I'm pretty satisfied of my trading day except when I have shorted GBP/USD.

Have a nice day !