Today we had a good day with 4 positive trades and only 1 negative one, but it actually could have been even better. Look at what happened: These were the signals for the European Morning trades:
First of all, for the Eur/Jpy, we had a target of 123.43 which, not being a round number, generally helps prevent a problem. Can you imagine what the low for the day was? 123.435. Only 0.5 pips from our target. In the end, the price went the other way to hit the stop-profit of +10 points. It was a shame this trade didn’t go our way as we would be up +110 for the month having added 40 pips if it hadn’t been for that darned half a pip.
Also, look at what happened with the European Morning trades:
These were the entry prices and both hit the target but, before doing so, the market made us sweat it out. The Eur/Jpy target was 124.72 and you can see in the chart below that between 19:48 (10:48 EST) and 19.58 (10:58 EST) the price went to 124.71 three times before finally hitting the target at 20:30 (11:30 EST).
And for the Pound, the target was 1.5259 and you can see in the following chart that the price reached 1.5258 at 17:06 (8:06 EST) and 17:07 (8:07 EST) before finally reaching 1.5259 at 17:57 (8:57 EST), 50 minutes later.
It appears this market isn’t making it easy for us and luck is not always on our side but we continue to work hard to protect our capital.
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