9.04.2013

EURAUD Exited.

I got 156 pips on EURAUD while risking 48 pips. Risk-reward ratio was about 1:3 which was very good. There will be a major AUD news release today, and I wanted to secure my profit before that. Besides, I was pretty much satisfied with my trade.

Now my account is up 23%.

9.03.2013

SL moved.

I've moved the SL of my short EURAUD position from 1.47410 to 1.46900, 3 pips below the entry price.

When to close?

I think trading is extremely difficult. I also think trading is a mental battle to yourself. I believe so many traders find it difficult to close an open position at a best place. And I'm the one who found the same.

Almost after 20 hours from the opening of the trade, I'm still wondering when I should close it.

I think it's extremely difficult to keep sound mentality when you trade, and I'm no exception. I'm only a human, and have no idea how far it would go and when it reverses. My assumption was wrong so many times in the past.



EURAUD Short

I have a EURAUD short position.

Since I started my $100 test account (real account), I've been trading based on a single strategy, and it seems to be working fairly fine. It's too early to say, but this could be the best trading strategy I've ever done if my trade continues to be successful.