Monday, July 30, 2007

Day 2

July 18, account balance $1,000.03

Today's Trades:



4900 AUD/JPY long@106.93800
4900 CAD/JPY short@116.65000
4200 USD/CAD short@1.04313

Results for those trades:

AUD/JPY: take profit of 50.5 pips
CAD/JPY: stop loss of -25.8 pips
USD/CAD: stop loss of -24.7 pips

Total for day: +0 pips

Note: Forex trading is all about patience, days in which you break even are important because the preserve capital for when luck turns your way.

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