Thursday, May 14, 2009

AUD JPY- 12:13ET. Objectives.

8.5 pip gain with a 15 pip stop.

Still not quite maximizing my potential for nailing those entries compared to my usual margin of error. I know when this happens I need to take profits as if I had entered at highs/lows, which I did on this trade.

One thing which I've noticed myself doing is position sizing according to a certain stop and then using a tighter stop- not a bad thing if the reason is genuinely based on the chart. In this particular trade, I'm not sure that was the could just be my subconscious telling me that I'm trading with too much risk.

May need to drop back to last week's level of risk for next week's trading.

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