Gruelling day today. One of those days when you grind your teeth!! I suffered 2 losses, but one of them I disputed with cmc as per my charts the price shouldn't have clipped me out at a loss (price didn't reach the stop, including spread). That trade was a win not a loss, but as you can guess cmc won't change anything - the loss stands. As I stop at 2 losses, it meant that other good trades went by.
Anyway, the signals today:
S3 SYSTEM I
Sell GBPUSD @ 1.9630, 20 pip profit
Buy GBPUSD @ 1.9590, 20 pip profit
Buy EURJPY @ 156.00, 30 pip loss
Sell EURJPY @ 155.70, 20 pip profit
Buy GBPJPY @ 208.60, 40 pip loss
Sell GBPJPY @ 208.20, 60 pip loss
Total 70 pip loss, or £200 (GBPJPY stakes are less) loss. Incidentally, if you were setting your daily target at 40 pips (ie, once achieved, no more trades are taken) which is something I recommend at the seminar on Saturday, you would have closed the first GBPJPY trade above at a 20 pip profit and realised your daily target of £400. You wouldn't have registered a loss on that GBPJPY trade and you wouldn't have taken the 2nd one.
S3 SYSTEM II
Buy EURJPY @ 156.04, 30 pip loss
Sell EURJPY @ 155.49, 20 pip profit (but made a loss of 30 per cmc!!)
Total 10 pip loss, or £100.
Not a good day today, but we should all realise that can happen and is a cost of success in the long run. That said, I could have done without the cmc bandits!
Wednesday, 6 February 2008
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment