As today is the last day of the month I have given the summary of my trades. January has been good and I am developing the nerve to stay in a trade for longer than minutes.
Summary of January trades taken so far
Sold eurgbp @0.8566 Closed @0.8554 (+12pips)
Sold audcad @1.0075 Closed @1.0040 (+35pips)
Sold eurgbp @0.8473 Closed @0.8453 (+20pips)
Sold usddkk @5.6700 closed @5.6177 (+523pips)
Sold audusd @0.9994 closed @0.9969 (+25pips)
Sold eurgbp @0.8420 closed @0.8445 (-25pips)
Sold eurcad @1.3189 Closed @1.3109 (+80pips)
Sold eurgbp @0.8340 Closed @0.8365 (-25pips)
Sold usddkk @5.5642 Closed @5.5431 (+211pips) two-thirds
Sold usddkk @5.5642 Closed @5.5242 (+400pips) remaining one third
Sold gbpusd @1.5940 Closed @1.5896 (+44pips)
Sold audcad @0.9824 Closed @0.9867 (-43pips)
Sold gbpchf @1.5249 Closed @1.5040 (+200pips)
Sold audnzd @1.2907 Closed @1.2847 (+60pips)
Sold eurcad @1.3630 Closed @1.3719 (-79pips)
+329 pips total
+796 piplets (usddkk) - spreadbet this pair at a way smaller lot size
14 trades in all. 4 losers. Still overtrading in my opinion as this is an average of one trade every 1.3days.
My main target is to open trades and let them run till all the pips have been squeezed out of them. I have been reading a thread on this forum 'equity millipede' and it is a gutsy way of trading.
According to my trading rules. As my monthly pip target has been reached the trade size increases
Here's to February trading...
Summary of January trades taken so far
Sold eurgbp @0.8566 Closed @0.8554 (+12pips)
Sold audcad @1.0075 Closed @1.0040 (+35pips)
Sold eurgbp @0.8473 Closed @0.8453 (+20pips)
Sold usddkk @5.6700 closed @5.6177 (+523pips)
Sold audusd @0.9994 closed @0.9969 (+25pips)
Sold eurgbp @0.8420 closed @0.8445 (-25pips)
Sold eurcad @1.3189 Closed @1.3109 (+80pips)
Sold eurgbp @0.8340 Closed @0.8365 (-25pips)
Sold usddkk @5.5642 Closed @5.5431 (+211pips) two-thirds
Sold usddkk @5.5642 Closed @5.5242 (+400pips) remaining one third
Sold gbpusd @1.5940 Closed @1.5896 (+44pips)
Sold audcad @0.9824 Closed @0.9867 (-43pips)
Sold gbpchf @1.5249 Closed @1.5040 (+200pips)
Sold audnzd @1.2907 Closed @1.2847 (+60pips)
Sold eurcad @1.3630 Closed @1.3719 (-79pips)
+329 pips total
+796 piplets (usddkk) - spreadbet this pair at a way smaller lot size
14 trades in all. 4 losers. Still overtrading in my opinion as this is an average of one trade every 1.3days.
My main target is to open trades and let them run till all the pips have been squeezed out of them. I have been reading a thread on this forum 'equity millipede' and it is a gutsy way of trading.
According to my trading rules. As my monthly pip target has been reached the trade size increases
Here's to February trading...
Find a trend and milk it for all it is worth. That's how to be profitable