Tuesday, June 26, 2007

2 more wins for Strategy 2 today

Today is a good day for Strategy 2. Have 2 wins so far.

Open Date: 06/26/2007 01:38:09
Instrument: USDJPY
B/S: Sell
Open Rate: 123.35
Lot: 0.5
Close Date: 06/26/2007 02:25:32
Close Rate: 123.25
Gross PL: $40.57

Open Date: 06/26/2007 03:27:04
Instrument: USDJPY
B/S: Sell
Open Rate: 123.18
Lot: 0.5
Close Date: 06/26/2007 05:00:58
Close Rate: 123.00
Gross PL: $73.17

Beginning Balance: $1,000.00
Ending Balance: $1,291.20
Profit: 29.12%

Noticed the win for the 2nd order is bigger than my normal win. That was because I happen to be watching the market when it approached my profit limit. Decided to shift my PL as the price continued to drop. Finally I decided to stop at 123.00 and end it off with a 18 pips gain, 8 pips more than the norm. Of course this is a rather dangerous thing to do as you never know when the market will move against you. But it was very exciting. I remember a friend of mine told me about using trailing stop in such situation. I must really go and learn about that.

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