I have not been active in the contest this month. There haven't been any good setups that I like.
The closest I've come was trying to take a long in usdsek and eursek ahead of interest rate decision last week, but I missed the entry by 1 min. The spike up was about 0.10 within 1 min. that translates into 200K profit!
On my personal account I've been trading the EURUSD. I've had two trades this week, one long and one short. The profits around 30 pips. I normally never trade the euro but I like the way it's trading at the moment, very clear to me.
Having said that, I can't take these type of trades on my contest. 30 pips, after losing 10 pips for using a stop order, and then another 10 pips for stop loss, equals a net of 10 pips.
I did end up taking my first trade today. I had stop orders in USDCAD and CADJPY, on Thursday ahead of data. Technical levels showed bearish CAD potential. The move didn't happen, but today got triggered. Unfortunately I forgot about them, so for the mere 9K in profit, I lost some points in end of week cut off
Next week, I will try to take some trades. Will be spending more time looking at other currencies for setups.
My goal for the remainder of the month is to be in the top 20. It seems like a very realistic goal I think.
The closest I've come was trying to take a long in usdsek and eursek ahead of interest rate decision last week, but I missed the entry by 1 min. The spike up was about 0.10 within 1 min. that translates into 200K profit!
On my personal account I've been trading the EURUSD. I've had two trades this week, one long and one short. The profits around 30 pips. I normally never trade the euro but I like the way it's trading at the moment, very clear to me.
Having said that, I can't take these type of trades on my contest. 30 pips, after losing 10 pips for using a stop order, and then another 10 pips for stop loss, equals a net of 10 pips.
I did end up taking my first trade today. I had stop orders in USDCAD and CADJPY, on Thursday ahead of data. Technical levels showed bearish CAD potential. The move didn't happen, but today got triggered. Unfortunately I forgot about them, so for the mere 9K in profit, I lost some points in end of week cut off
Next week, I will try to take some trades. Will be spending more time looking at other currencies for setups.
My goal for the remainder of the month is to be in the top 20. It seems like a very realistic goal I think.