Open trading account 
Looking at the open sentiments graph and again there is such a difference between demo and live accounts. Among demo traders there are still long GBP\NZD positions. With live traders long Yen seems to be the theme of the market sentiment with USD\JPY & NZD\JPY leading.
Last Friday dollar appreciated post NFP release but quickly lost its steam and not only erased the gains but actually lost against most majors. It held relatively well against GBP and CHF. I made most of my profit on shorting the British pound and the plan for the coming week it to repeat the same trade if it goes back up above 1.5530. EUR\USD posted a classic reversal on a 4H chart. I think the cap will be either 1.1029 or 1.1080 level. I wanted to trade the reversal and was ready to buy euro at 1.0820 but it didn't reach that level, it's not ready yet.
Overall, I ended my first week in the August Contest with 35% gains. Just as I planned, I didn't take any high risk trades and my maximum drawdown was only 7%. so I'm very content with that.
Last Friday dollar appreciated post NFP release but quickly lost its steam and not only erased the gains but actually lost against most majors. It held relatively well against GBP and CHF. I made most of my profit on shorting the British pound and the plan for the coming week it to repeat the same trade if it goes back up above 1.5530. EUR\USD posted a classic reversal on a 4H chart. I think the cap will be either 1.1029 or 1.1080 level. I wanted to trade the reversal and was ready to buy euro at 1.0820 but it didn't reach that level, it's not ready yet.
Overall, I ended my first week in the August Contest with 35% gains. Just as I planned, I didn't take any high risk trades and my maximum drawdown was only 7%. so I'm very content with that.
