Like the title of this blog suggests, making pips in the Forex is easier said than done. This "reality blog" will allow you to follow my life as a Forex trader. I'll not only discuss trades, but also my emotions during these trades. You'll see my ups and downs, my highs and lows, and my smiles and tears.
This is the true story of one man, picked to live in front of his computer screen and find ways to make money off the Foreign Exchange. See what happens when markets stop being polite, and start being real! Euro and Swissy Trade Review- 01/11/07
Trade Review for January 11, 2007:
EUR/USD
Buy at market (2960); Stop loss= 2920; Target= 3000; Target 2= 3025 (Originally posted on January 10, 2007)
Result: +40 pips
USD/CHF
Short at market (2440); Stop Loss= 2480; Target= 2400; Target 2= 2375 (100 SMA) (Originally posted on January 10, 2007)
Result: -40 pips. Although highly correlated with the Euro, the Swissy didn't quite make it to my target of 2400 and proceeded to rally after Trichet's dovish statements.
Total pips for the day: +0 pips
