I went long at 1.4571. I had bought at this level because I saw heavy support. Initially, the trade bounced quickly up +25 pips, but came crashing through support later for a 34 pip loss.
Currently, I have re-entered the long at 1.4497 with a much wider stop and a 129 pip target profit.
Closed the Long out early for +31 pips because the Daily Chart is showing possible resistance approaching and for the moment it seems like the EURUSD has a little more room to drop to hit as seen in the Daily Chart.
After I exited the last long, the EURO dropped over 35 pips, but has since showed a lot of strength trying to climb back up. I have re-entered my long position at a better price of 1.4518.
Closed Long from 1.4518 for a -83 pip Loss.
Shorted at 1.4434 resulting in a -19 pip Loss
Bought at 1.4419 resulting in a +58 pip Win
Bought at 1.4486 resulting in a +19 pip Win
I re-opened a Long position right at the end of the market at 1.4237. At the close of the market I was down -3 pips. I will be looking for around a 100 pip TP on this trade next week.
Here is the official account statement for this week #1:
I will not be tracking the pip count anymore because it is meaningless, since I am entering at different lot sizes on my trades and with sometimes more than one entry at a time.
There were a total of 8 closed EURUSD trades made this week with no open positions currently. The equity has now grown from $10,000 to $12,903.66. At one point during the week we had actually surpassed a +40% equity increase but we were not able to hold all the profits!!
Total profit to Since 1 Sept 08:+$2,903.66 Week #02 % Equity Increase: +6.2% Week #02 $ Equity Increase: +$620.04
This week I had 1 trade and it is still open with a -70 pip DD. The equity has grown from $10,000 to $15,168.94. You see no change in the balance graph below because we are still in the trade. The graph below only reflects the closed trades.
Total profit to Since 1 Sept 08: +$5,168.94 Week #04 % Equity Increase: -12.26% Week #04 $ Equity Increase: -$1,226.32
