Another late start. It's just as well; I'm hoping the late starts will give the markets time to settle after the expected news reports. Opened long on USD/CAD, USD/JPY, AND EUR/USD. Short on GBP/USD, AUD/USD and USD/CHF. I seemed to stay pretty long on the USD overall, especially where the Yen was concerned:
AUD/USD: -
EUR/USD: -
GBP/USD: -
USD/CAD: -
USD/CHF: -++
USD/JPY: ++++++
Eight profits to five losses! Sure, it's ridiculously easy to hit the take profit levels at 0.5:1, but it is to no avail. Even if I wasn't getting eaten up by the spreads with so many trades per day, each profit is only worth half of a loss. The experience is telling, though.
It looked like we'd recover some of our losses as the Jappy kept raking in the profits, but early Thurdsay morning, other trades stopped out pretty hard. The QRF system went down another $58.58 for a running loss of $329.29 USD.
Thursday, March 15, 2007
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