Wednesday, February 23, 2011

Three Jabs on the Chin

Last week was a test of my resolve as I got knocked back three times with the AUD, EUR and GBP in quick succesion. I held fast in the USD/JPY short and picked up a 2:1 risk reward trade after 7 days. It still means I am down one unit of risk for the week - $500 in my case.

AUD/USD - Fib trade short off 76% bulldozed the stop.




EUR/USD - Fib trade short off 76% went 40 points in the money then took out the stops for new highs

GBPUSD - ABC Corrective move that didn't work

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