Hi, nice to be back after a break doing other things. Two trades today, this first one with the EUR/JPY pair was quite satisfying as I very nearly didn’t take it due to the 30pip stop, and psychologically first day back had it gone against me it would have been a bit of a blow. Happily the strong momentum carried through the support level and I was able to cash in 1 lot for 30pips quite quickly. The second lot was closed at the 50pip target level. This for me was a counter trend play so I was happy enough to get out at that point. 80pips in total for this breakdown of support trade.
Second trade is with the Aussie which I’ve been watching since last Friday when we saw some heavy buying going into the weekend. This continued today right up to the trend line I had coming down from a previous high at 9362, then sold off quite sharply. The trade plan had minimal risk of 10pips, and a potentially very high risk to reward ratio. With such a small stop I decided to trade 2 lots, the first I have closed out for 50pips and the second I’m going to let run. Stop loss is now moved to break even on the trade, lets see how it goes. 130pips in the bag is a great start back, wasn’t expecting that to be honest.
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