The USD/JPY, EURF/CHF, USD/CAD trades does not look good at the moment. Seems like they are all heading towards my stop loss. Maybe i have made the wrong decision again for all 3 trades. We will see. Oh well.. This again reminds myself to look for stronger reasons to take the next trade.
Trade: Long USD/JPY Open Price: 92.8 Take Profit: 93.69 Stop Loss: 91.65
Result: -115 Note: Trade should be taken only if price hits weekly lines and not daily. Daily lines should be used as stop loss points. I will try to stick to this.
I've forgotten to post up this trade i took yesterday. Doesn't look too good at the moment.
Trade: Short AUD/CAD Open Price: 0.9346 Take Profit: 0.9195 Stop Loss: 0.9456 Result: - 110 Comment(s): It's a shame that i put my stop loss too tight. If it was wider, i could have close this trade with a win. Oh well.. time to look for the next trade. But i closed the EUR/CHF trade with a win.