ForexSpirit

Another busy week at work has meant no journal entries until now.  The dollar has gained some strength back this week which has made things interesting.  Here’s what the chart looks like:

Two one lot entries on the above chart are still open.

At the start of the week I had just one entry open at the 1.292 level.  On the way I down entered two more one lot positions.  On the Euro retrace I exited the middle position (1.287) at 1.29 for a safe 30 pips.  With another gain in dollar strength I entered at the middle level again (1.287).

The dollar then really took off.  I entered a market entry two lot position (since we’d made it into Q2) at around 1.275.  I also got filled on a birthday entry at 1.272.  That got closed out for 33 pips profit pretty quickly.

This morning there was the expectation of further dollar strength.  I had three one lot entries out of the money and one two lot entry slightly in the black.  I decided to square my position a bit to allow for making more entries at a lower level.  I therefore closed my highest one lot entry for a loss which was partially offset by also closing out the two lot position.

Of course it didn’t quite work out that way and Euro slowly gained strength all day.  Oh well.