Trade Journal

Today was great for the pound, great meaning it went down as expected from my previous analysis. I went short several times and got me 109 pips.

Scorecard for GBPUSD

Traded with the Daily Trend YES
Traded with the Intraday Trend YES
Followed the plan YES
Profit YES

The yen pairs came tumbling down and it was grossly oversold. I went on a counter trend trade and bought EURJPY. I got stopped out at 40 pips. However, as this trade was against my plan and it was highly speculative, I played it small. Very small. Got stopped out at 40 pips

Scorecard for EURJPY

Traded with the Daily Trend NO
Traded with the Intraday Trend NO
Followed the Plan NO
Profit NO

All in all, it was a good day.

I have a long position on the euro currently but this will be an overnight trade.