Day Trading the Forex for Profits...

Long, USD/CAD at 1.0292, stop at 1.0272,

1st target 1.0320.

risking 1%

 

AUD/USD short at 0.9360, risking 0.50%

S/L at 22 pips

1st target at 30 pips

 

closed half AUD/USD at B/E, now risking only 0.25%


....

Now reentered AUD/USD, risking 0.50%, average fill price is 0.9358

 

AUD/CAD long from 0.9621

stop at 0.9602

first target at 9643

Risking 0.75%

 

Closed AUD/USD, 0.9359

basically scratch trade.

 

Took loss on USD/CAD, 1%.

AUD/CAD hit first target, and I took 2/3 of the position off.

Still have 1/3 left, stop moved to B/E + 2 pips. Letting the final position
run to 0.9690.

Total for the day = 1.3% Loss

If it hits, I will end up with about a 0.5% loss

First losing day since starting this Journal... of course, no one wants a losing day...but still up 1.7% for the week, and that is on the tail of two profitable weeks, which puts me up over 13% for the month so far.

We will see how it goes tomorrow!

Greg

 

Correction: up over 14% for the month

 

Short EUR/AUD from 1.3909
Risking 0.5%
stop at 1.3933
1st target at 1.3885

 

Long gbp/USD from 1.5592

risking 0.50%

stop at 1.5572
Target at 1.5620

 

Closed EUR/AUD for a 2 pip loss, basically a scratch trade... about 0.03%