Beating Alpha

iterating towards truth

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1.5.2013 – intraday trades [+5.5R]

STATS:
Trades: 5
Return: +5,5R (+3-0.3+0.1+3-0.3)
Pays: 123ACU
Pairs traded: EURUSD, EURJPY, GBPUSD
Comment: Today I have expected a less volatile day and rather a range type of a day. Soon I have realized, that I was mistaken. This basically came with EURUSD breaking out of its ASIAN range. My first trade was in EURJPY – easy and quick. Trade you learn a minimum from (in terms of dealing with your emotions) but trade that helps your equity a lot :). On the other hand the very last trade was an irresponsible one. I felt like an invincible hero with +5.8R at the end of the day. With that attitude I approached my last trade of the day. I was not focused and I was doing other things which were totally unrelated with trading and this particular trade. Wrong! Fortunatelly the exit was at -0.3R but a huge slap, thats what I would deserve. This last trade was a loosers trade and I am pro. Minus points for me for last one, overall a great day!

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