Thursday, August 9, 2007

Down,down,down!

So much for the return of carry trade, yesterday it steamed-up 400pips, today took a nose dive back to where it started since 3rd. Together with yen crosses, eur/usd,gbp,usd and aud/usd joined in for a plunge. On the newsfront, no major news event for the rest of the week.

Today's results were mixed, actually made 5 trades all together. 3 wins 2 losses, +30+20-30-30+21. Price started moving violently 5mins before europe opens, good thing my tps were hit early and i spent the rest of the day reading. Things goin up and down too fast. Chose not to take further risk, id rather stay out when im not sure. Overeasy indicators showed 2 potential trades, usd/cad and usd/jpy but i did not take it, not too convincing enough for me(still new at this system), called it a day with a profit, short of 9 pips to level 2!! Looking forward reaching next level by end of this week.

Result: +11pips

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