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Tag Archives: momentum

3 Trades Yesterday 51 Pips Profit.

We took 3 trades yesterday two were winners one was a loser.

The first trade was AUD short at 10488. We got stopped out of that trade for 22 pips loss. It was unfortunate that we got stopped out of that trade, as it only went 2 pips higher before going down 60 pips. Normally we would have been ok stop wise, as our initial stop was above the high, but i tightened up the stop as there was a lot of upward momentum, and i thought the high would be taken out. We had a lot of Dollar weakness at the time and i was expecting it to go higher. Its a shame, but its just one of those things, you have to take a loser once in a while.

On a positive note we did take Cable short at 16303 and exited at 16277 for 26 pips. We also took Cable short again at 16289 and closed at 16242 for 47 pips.

Total pips profit for the day 51.

Total pips profit for the week 271. 🙂