Tuesday, February 20, 2007

Off Timing

My timing is slightly off today. I only picked up several small moves instead of the larger moves. For example, I started the day shorting GBP/USD at 1.9508 and could only manage to grab 10 pips. I had to cover quickly as I sensed a possible reversal. And I was right. I missed a big up move as I was not committed to pull the buy trigger.

In the afternoon, I shorted USD/CHF at1.2369 and still there was no follow through selling. End result +4 pips.

On a positive side, I had a long USD/CAD position at 1.1657 during lunch hour which at least gave me a quick +24 pips.

Done for the day +38 pips.

No comments: