Tue 16 June 2015
I stepped away from trading since my last post to analyze my trading. Trading is a business for me that provides for my family needs so I take it very seriously. I know I can get my daily PIP goal of a minimum of 20 to 30 PIPs, but I was not satisfied with the number of my trades. The fee or commission I pay roundtrip for a trade is reasonable, but it adds up with mulitiple small gain trades. I have also I have been looking at very pairs knowing I the Euro is going to be affected about the situation in Greece. At this time I like how the Euro moves. It will allow me to capture my dai clearlyy goal without multiple trades.
I have also simplified my computer screen. The pairs move and I only have to clearly see them. I also need to trade a pair that will move far enough at a time. At this time the EUR/USD does that.
This morning I had 3 trades for a total gain of 28.20 PIPs:
NZD/USD +2.6 PIPs
EUR/USD +23.2 PIPs
EUR/USD +2.4 PIPS
The EUR/USD probably will continue to go down, but I am going to be cautious. I have 28.2 PIPs banked now so I do not want to lose my gain.
I stepped away from trading since my last post to analyze my trading. Trading is a business for me that provides for my family needs so I take it very seriously. I know I can get my daily PIP goal of a minimum of 20 to 30 PIPs, but I was not satisfied with the number of my trades. The fee or commission I pay roundtrip for a trade is reasonable, but it adds up with mulitiple small gain trades. I have also I have been looking at very pairs knowing I the Euro is going to be affected about the situation in Greece. At this time I like how the Euro moves. It will allow me to capture my dai clearlyy goal without multiple trades.
I have also simplified my computer screen. The pairs move and I only have to clearly see them. I also need to trade a pair that will move far enough at a time. At this time the EUR/USD does that.
This morning I had 3 trades for a total gain of 28.20 PIPs:
NZD/USD +2.6 PIPs
EUR/USD +23.2 PIPs
EUR/USD +2.4 PIPS
The EUR/USD probably will continue to go down, but I am going to be cautious. I have 28.2 PIPs banked now so I do not want to lose my gain.