Friday, August 17, 2007

1pip too far

After 6 days moving down i suspect a retracement is due, so there it was eur,gbp, aud moved up against usd today. Volatility was high today as price moved down during asian session and rebounded throughout euro and us session. Further spikes were seen when Fed released an announcement of a cut in discount rate. Will the risk aversion be over? have to wait till next week.

One short order was triggered during asian session closed on +30pip profit, another short order(eur/usd) triggered the start of euro session. Within the hour, it went down missed tp by 1pip, i was stopped out on rebound for -31pip(order got filled with different price)

Overeasy signal for long came up for eur/usd and i took it. Feeling satisfied with +20pip i decided to close just before US session. There wasnt any schedule on Fed announcement from my usual news site. Turns out eur/usd went up another 100pips!

im just glad the day turned out to be profitable one...been a good week, im thankful for that. Consistency was good on current systems. I plan to maintain that. Hope i get a good start next week.

Result: +20pip

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