laszlo7003
Private
- Messages
- 28
Very eventful week but not a good outcome.
Monday – a winner on AUD/USD, good for 22 pips , not a bad start.
Tuesday - no trades.
Wednesday we had quite a few setups. The first one on the NZD/JPY, trying to get in after a retracement. Unfortunately it hit the stop-loss level soon after.
When the US Non-farm payroll report came out the reaction was a bit surprising, possibly as the dollar moves were already extended, dollar strength was apparent for the morning. So another loss on that.
Another opportunity on GBP/USD resulted in a loss as well. One more news release trade on the USD/CHF also a loss. Ouch.
Thursday a trade on GBP/USD at the release of the BOE interest rate resulted in a breakeven. Wasn't so lucky with a EUR/USD trade a little later, 20 pips loss on that.
Friday - NFP day, which is always a very important release. The idea was to set up a buy and a sell order on EUR/USD and whichever triggers should move enough to hit the profit target level. Upon release there was an initial reaction which triggered the sell, hit the stoploss, then price reversed triggering the buy order too but reversing again after a minute or two for another loss. On top of that it seems that there was some slippage to, instead of 20 pips that I set for SL the losses were almost 30 pips on both.
Results: very disappointing week, one of the worst so far, making it really difficult to keep up the enthusiasm. About 100 pips down from the week before, that is difficult to recover from but will try.
Monday – a winner on AUD/USD, good for 22 pips , not a bad start.
Tuesday - no trades.
Wednesday we had quite a few setups. The first one on the NZD/JPY, trying to get in after a retracement. Unfortunately it hit the stop-loss level soon after.
When the US Non-farm payroll report came out the reaction was a bit surprising, possibly as the dollar moves were already extended, dollar strength was apparent for the morning. So another loss on that.
Another opportunity on GBP/USD resulted in a loss as well. One more news release trade on the USD/CHF also a loss. Ouch.
Thursday a trade on GBP/USD at the release of the BOE interest rate resulted in a breakeven. Wasn't so lucky with a EUR/USD trade a little later, 20 pips loss on that.
Friday - NFP day, which is always a very important release. The idea was to set up a buy and a sell order on EUR/USD and whichever triggers should move enough to hit the profit target level. Upon release there was an initial reaction which triggered the sell, hit the stoploss, then price reversed triggering the buy order too but reversing again after a minute or two for another loss. On top of that it seems that there was some slippage to, instead of 20 pips that I set for SL the losses were almost 30 pips on both.
Results: very disappointing week, one of the worst so far, making it really difficult to keep up the enthusiasm. About 100 pips down from the week before, that is difficult to recover from but will try.
