Saturday, May 16, 2009

Thursday and Friday, No time to trade !

Hi everybody !

I have not had time to write thursday night because I went back again later. So I apologize for the delay. I'll make a summary of Thursday and Friday in one post because there is not much to say.

 Thursday I did not have much time to trade, I only spent an order around midday on GBP/JPY. I went short, but unfortunately due to the high spread my goal was not achieved.  All that was missing a little more pips or two. My stop was hit following the strong rebound that followed the lowest.

Result of Thursday : -30 pips

Friday, the situation was quite similar. I did not have much time to trade and I have never like place orders on Friday evening. I made only an order on GBP/USD, because majors crosses fallen for most but not this one. So I relied on the correlation and the signals that I received from my system. I put a TP at 20 pips only because I did not want to fall into the same trap as the previous day with a spread too high. Finally my goal was reached very quickly and the fall continued even lower as I thought. 

Result of Friday : +20 pips

No significant errors in my approach. Except for the friday order that I spent a bit hastily and would have requested two minutes of thinking.

Good evening everybody!