Sunday, July 17, 2005

Looking Forward to a New Week

All good things come to a halt. Last week performance: -377. Actually, I could salvage some of the losing positions by at least 200 pips if stop loss limits (of 100 pips) were in place. Therefore, I will be experimenting in next week by mounting reasonable limits on my opening swing trades. Also, may not want to hold too many positions at the beginning of the week, ideally start with 1~2 positions.

Based on this, Monday trades will be as follows:
Long EUR/USD
Long USD/JPY
Avoid GBP/USD
Avoid GBP/CHF

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