Week 1
Demo account expired, got another. Trying out range trading with cross pairs avoiding usd, eur/jpy looks interesting and its goin up-down between 2 levels. This method looks promising, will continue.
Been following gbp/usd, going down within daily channel, entered 1.9987 target 1.9803 stop 2.0120
Week 2 (Monday - Wednesday)
Truckload of news coming out on thursday with pound,dollar& euro. Everyone talking abt BoE hike rate, more news trading. Yes, i have no idea whats happening nor do i fully understand the whole thing. But what i know is that i hv 2 trades open on gbp and its goin to affect my trade.
Week 2 (Thursday)
Thursday! time for some action! da plan, short if it goes below 9850 target 9800, long if above 9930. Currently trading at 9920. Went thru idea many times.
News release, bad UK data so pound slides to 9880, looking good atm. US data released, market was moving too fast and client stalled. Got 2 orders(short) in, but panicked when price shot up by 30-40 a blink/charts not updating, closed all positions. As it turned out price continued downwards to 9780. Couldve done better. Lesson, have a plan and stick with it and learn to chill. Weekends, boring.
Week 3
Gonna watch aud/usd this week while keeping an eye on gbp/usd.
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