Month: November 2007

I had a nice pickup on the EURUSD right before closing of US equity markets. Grabbing 12 pips profit on a two hour short position. I must admit it was rather interesting at first, and my timing is obviously still off as I should've waited another half an hour before going into the position, but at least my intuition turned correct and I got myself out of it at the right time.

Now the sterling can hopefully do its job too, after the USD did.

Apparently last weeks downer has made an impression on my psyche resulting in me being too risk-averse this week. Below is one of the several examples of such today.

I shorted EURUSD at 1.46065 and purchased it back at 1.46057 giving a mere 1 pip profit. Why? as we can see EUR had a ride with a couple highs testing resistance around 1.4614 so it was simply a relief to close the position at a small profit rather than loss.. but obviously, what I should've done was to stick through it and wait for the drop to 1.4584 which would've given a 22 PIP profit..

Well, we can't win them all...at least the initial expected development was correct, now to work on timing..