Only if I held the trade for 30 mins longer , i ended up exiting the trade while at work, since I was concerned something will happen. Also, I exited the trade because the next economic event was the EURO.
Anyways, my results were:
I closed before the EURO trade while at work and took a scalper approach where I was only willing to hold the trade for 20mins since GBP news was 30 mins later.
I accidentally went long on the EURO trade when bad news came out which was unfortunate and lost -$0.15 then went quickly went short gaining $0.09 .
After I took a GBP/USD trade and went long but entered too late, resulting in a loss of -$1.26. Than I was thinking that the trend must hit the top end and bulls were getting exhausted, this made me decide to short the AUD/USD but ended up losing -$0.59.
Anyways, that was my plan, if I was sitting on my computer desk may be the trades could be more profitable. Also, I should consider trading “take profit” news events if it is against the trend or was too quick for me jump in.
Today, I’ll be reading the book “day trading and swing trading the currency market by Kathy Lien.” Hopefully, I can learn how to broaden my trade strategies by next week.
I have lost -$9.39 this week, hmmm that’s not good.