Trader Contest

Open trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....CURRENT...P/L (PIPS)
GBP/JPYLONG2.50144.753143.660-109.3

Closed trades

INSTRUMENT...DIRECTION...AMOUNT...ENTRY.....EXIT...........P/L (PIPS)
EUR/AUDSHORT3.001.449421.4450144.1

Stats

Click here for monthly stats.

Comment

My equity at the end of first week of the January contest sits at 88K. GBP/JPY long may have been a bit premature but I believe in further upside in this pair. EUR/AUD short looks fine, I exited it just because I needed to free up margin before weekend leverage came into effect.

Technical Analysis Contest

What started as a poor year (2016) for me in this contest, completely turned for the better with wins in August and November. Focusing on quality and posting regular updates to predictions is one way to produce decent results over the longer term, accepting that there will be bouts of weaker performance in between.

I wish all participants good luck, happy trading and great trades in the week ahead!
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