It was off to a late start this morning. In fact, it was almost afternoon when I went long on AUD/USD and short on everything else. The story for today:
AUD/USD: -
EUR/USD: +-
GBP/USD: +++-+-
USD/CAD: -
USD/CHF: +++
USD/JPY: ++++-+-
Twenty trades in one day ! That is a personal record. And so many TPs... I would almost have killed for that many profits when I was trading at 3.5:1 leverage! At 0.5:1, however, the QRF system lost another $50.39.
The AUD/USD made a quick exit as rule 2a was invoked to retire the pair early today. The GBP/USD joined it after a nice run of TPs. For pure performance, though, the Jappy (USD/JPY) and the Big Cheese (USD/CHF) are the stars today!
Due to a funny little quirk in rule 2a, EUR/USD technically should have stopped trading after it took profit early on, but I was too distracted to notice until I entered another trade with it, which meandered for several hours and then stopped out. I made a second mistake in shorting the Jappy when I was supposed to go long on it. I lucked out on that one; that trade took a profit and so I just continued trading the result of that mistake.
I note that I'm taking quite a bit of profit from shorting the Sterling against the Dollar and the Dollar against the Yen. Since I started considering more exotic pairs yesterday, it occured to me that trading the Sterling directly against the Yen might be a good idea. Then I looked at the spread and decided it wasn't. Ah, well. I do have a short list of non-USD pairs with much better spreads. I'll think about how to work them in if I ever need to invoke rule 3 on the Dollar.
In the meantime, I gotta focus a little more. My rules can't protect me from loss if I'm ignoring them, intentionally or not. It might be a good idea to set aside two time periods per day specifically for trading. I'll think it over.
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