Yes, still holding the position, Norske Bank didn't raise rate last week, that should be good for my trade, except for the fact that usd is the worst currency at the moment... but this can change.
Final score for April: Total pips : = 395+122+12-48+1= 482 pips Total trades: 5 Wining trades: 4 Losing trades: 1 All trades posted real time
I managed to trade my way out of it when I got nervous. Got out more or less even after scaling in and then scaling out a couple of times. It was educational if nothing else. Long-term, USD is looking pretty weak.
T, nice trading. Do most of your trades, go in your direction quickly, or you do have to take abit of heat?
No, they almost always go against me in the beginning. That's because my scalping skills are below average and because its very difficult to pick top/bottom.
Ive reread the whole thread. Ive just read feb07's report, where you explained the same to a reader. apologises
Shorted one more lot at 162.22 just now. I expect preassure on all yen crosses, especially next week. Average short 161.91
Closed at 0.6790 for +20 pips, Too much risk here, BoE can surprise everybody tomorrow, what if they don't hike? Or if they do only 0.25bp and don't issue hawkish statement...
For the same reason as above I just closed gbp/nok long at 11.9749 for +110 pips. This was fairly big position and I am happy with the profit.