ForexSpirit

After yesterday’s punishment I was extra cautious today. I wanted to make sure I wasn’t revenge trading or in any way trying to immediately make back the losses I suffered.

Trade 1
Long EUR/USD
Entry: 1.2955
Exit: 1.2963
Pips: +8

Trade 2
Long EUR/USD
Entry: 1.2902
Exit: 1.2915
Pips: +13

Trade 3
Long EUR/JPY
Entry: 124.48
Exit: 124.585
Pips: +10.5

Total daily pips: +31.5

There were two trades in the EUR/USD pair. I also had a resting limit buy order in at the 1.28 level that came close to being hit on a number of occasions. In retrospect I should have probably considered moving the order up to around the 1.2825 level after the dip to that area happened just after noon today. On the other hand, the looming Fed rate announcement at 2:15pm meant that I was in no real rush and only added to my cautious nature.

My buy limit order in EUR/JPY was placed just under 124.50 which had acted as a resistance level during the later part of today’s London session and into early New York time.