Short USDJPY (+41 pips)
A disappointing trade, it seemed for much of the life of this trade it was going to make a good profit indeed a couple of hours before it closed it was at +160 but a quick reversal took it back to the stop loss. It has been a quiet August, not unusual for the summer, and patient trading has been really important. As a swing trader I depend on trending markets and when they range going backwards and forwards I am forced to take less trades and just sit out of the market. Even in these difficult conditions I am showing more than 200 pips of profit for the month, well below average but still profitable.
I have been working hard preparing for a new attempt to trade a small amount of money into a large balance, it think it will be my sixth attempt and although I have not made it all the way yet the projects have delivered a total of $13,000. This latest attempt is starting with $50, it has a new money management policy and improved trade selection policy. I feel really confident about it and will be posting a full introduction in the coming days. After each attempt i spend many hours looking at every aspect of it, a quiet August gave me more time than ususal so the changes have been larger than before and hopefully will have a greater impact. I have added the new $50 account to myfxbook to ensure its results are verified.
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