Wednesday, May 16, 2007

European Session 16-05-07

BoE Inflation Report and US Housing Data in Focus

*1st trade of the session
Short EUR/JPY at 163.67 Exit at 163.78 Results -11 pips
(Hanging on too long, should have exited for a smaller pip loss)

*2nd trade of the session
Long USD/CHF at 1.2152 Exit at 1.2156 Results +4 pips
(Decided to book profit immediately following a losing trade, plus a few pips more if acted sooner)

Looking forward to next session.

Session rating: (value:-0.5); Accumulated so far: +1.5 stars

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