OK, this is bad, 35 pips out of the money. Let's be patient, after all, the techs are pointing strongly towards 1.32 (won't hold till there of course).
Hopefully the recovery starts now, though given my luck, am sure the moment I post this, it crashes again, lol.
Absolutely annoyed with the GBP/USD trade. While I entered because I felt it was oversold, I should had gotten a better entry. Secondly, I could had taken profit (decent) but I left it. Thirdly, I am pretty much stuck with this position the whole day. Fourthly, there is a chance this has to be carried to Monday. Or worse, a loss to be taken.
Ignored
To be honest, was damn pissed earlier in the day. Was staring a unrealized loss of SGD 800.
Glad I did not wavered and held on.
The GBP bull is raging on now, so let me see if I can hold on for a good ride.
I'm guessing the range has been set for the day. It has been one great reversal, but at some point, the GBP bull will get tired. Not necessarily the best close, but if I can get SGD 500 daily from an initial capital of 6,000, I think that's pretty good. Closing it 4 minutes from London closing period is also probably a good choice-god knows what will London closing bring. Might shoot even higher or simply profit taking causing me to lose some profits. Not worth the risk.
EDIT: Of course...it goes higher right when I hit close.
Splendid, we're under 111.35 comfortably, let's see how low this goes!
I was right. Yen is holding up; even GBP/JPY moved back down and is red now. If the almighty GBP bull can't gain on Yen, what chance does the USD have?
As stated, yen is strong now. No point selling USD/JPY again as I said it might settle at low 30s-it is at mid 30s. GBP/JPY has volatility. Let's play the range.
Obviously could had taken GBP/USD at a better price and made more, but not much complain. Held my nuts and waited for reversal. This pair is volatile as fuk, so profits are profits.
I think I did fairly OK for USD/JPY scalps. Am glad I did not left it to run as I wanted, as USD/JPY eventually closed just 3 pips lower than my sell price, as opposed to the 2x10 pips I got.
GBP/JPY sell was frustrating; it was a counter-trend trade (as GBP is still bullish), but I was right about yen strength. It closed 24 pips higher than my sell price, so I guess I have to be happy I made a tiny profit lol.
