Thursday, April 30, 2009

GBP AUD- 10:03ET & AUD CHF 10:49ET

GBP AUD- 27 pip loss on 20K...AUD CHF 17 pip gain on 17K Good execution of the plan from my side on both, but some serious liquidity issues. First trade had 7 pip slippage, second 3 pips on the exit. The commission is killing the edge too....

But this isn't any exercise of profitability right now. It's about limiting the damage while trying to regain trust (if warranted of course...we'll see) in my methodology and, most importantly, in myself.

With that in mind, I'll happily pay for relative safety with the negative effects of commissions and slippage by continuing to trade this way until I can really trust myself again.

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