Aug11 – trading update

Arrived at office: 7.45am  Leaving office: 6.15pm

Took six trades even though the market barely moved.  Consequently majority of trades were losers, but caught one good short trade on EURCAD.  Am also still in short AUDUSD position, leaving in the market with tightened stop and limit for 1/2 the position.  Excluding the Aussie trade I am down 0.9R for the day.  There was no Tier-1 news today.

What went well today:

  • Paid more attention to MACD and Stochastic-Slow, both for entering trades and for managing the positions.
  • 2nd attempt at using the LMAX broker platform.  I was more careful in calculating price adjustments between LMAX prices and FXCM charts.  And split order across the two brokers.  It worked much better than last time – good!

What didn’t go well:

  • In hindsight, how come I put on 6 trades on such a quiet day?

Back for more tomorrow….

 

 

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