Open trading account 
Since it's weekend I thought I have some more time to speak about the trades taken in the first week of the year. During this time period I have been focusing more my attention on the yen pairs as based on my analysis they should have entered in some type of correction mode, you can find more about my analysis on the YEN here: USD/JPY Elliott Wave Cycle Completed
Apart from that I took two small intraday position on USD/CAD and USD/SGD. The reason why this where not swing positions was because the bullish trend was already in an expansion environment and I wanted it to play it safe. On both of this trade I was targeting new highs and they both worked out well.
Yesterday after NFP I took a bad position on GBP/JPY after I saw the initial reaction to the NFP I thought it will go higher but I got lucky as I decide to play this position more defensively and trailed my stop so the loss was minimal taking in consideration how things has developed. But prior to go long on GBP/JPY I was actually short but decided to close that position ahead of NFP as I wanted to see the breakout to the downside before NFP.
I'll be focusing to trade less but more quality setups rather than to be everywhere.
Best Regards,
Daytrader21
Apart from that I took two small intraday position on USD/CAD and USD/SGD. The reason why this where not swing positions was because the bullish trend was already in an expansion environment and I wanted it to play it safe. On both of this trade I was targeting new highs and they both worked out well.
Yesterday after NFP I took a bad position on GBP/JPY after I saw the initial reaction to the NFP I thought it will go higher but I got lucky as I decide to play this position more defensively and trailed my stop so the loss was minimal taking in consideration how things has developed. But prior to go long on GBP/JPY I was actually short but decided to close that position ahead of NFP as I wanted to see the breakout to the downside before NFP.
I'll be focusing to trade less but more quality setups rather than to be everywhere.
Best Regards,
Daytrader21
