It has been an eventful day. Here is the trade breakdown in the order as they happened:
Exit short USD/JPY at 117.23 for +71 pips
Exit short USD/JPY at 117.32 for +36 pips
Exit long GBP/USD at 1.8825 for +40 pips
Exit short USD/CHF at 1.2533 for +23 pips
I thought I had a great day, but unfortunately...
Stopped out of long GBP/USD at 1.8756 for -82 pips (what was I thinking earlier, long just before the reversal, altered stop, ignoring the market force, hence a bad undisciplined trade which spoiled the day efforts)
Also Stopped out of short USD/CHF at 1.2551 for -17 pips
Exit short USD/JPY at 118.05 for +5 pips
Right now, still working on 2 positions:
Short USD/JPY at 117.76
Short USD/CAD at 1.1181
The moral story of the day is do not force trades - you do not need to be in the position every single time and have it to go your way every time. Be humble to the market. They are many traders out there willing to take the opposite direction. Always measure the risk and reward for each trade. Most importantly, learn how to exit to minimise risk, an important skill which I seriously lack of.
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