Today's Forex trading was fairly simple today and involved simply updating the charts on Lifestyle Trader, checking and adjusting our stops. There were no new entry signals - so the process was done in under ten minutes!
The trades are looking good today. Whilst we have one trade that is at a slight loss, the other trades are all in profit. In total, we currently have over $6600 of unrealised profit on the table...not bad for a few days trading MINI Forex!
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Today's trading required us to update the charts to see the signals from Friday. We have been stopped out of two trades and there were also some entry signals for new trades. It will be interesting to see where these Forex trades go throughout the week!
After updating the charts on Lifestyle Trader, I was able to see how my trades from yesterday were going. It seems that the EUR rallied last night, which means that three out of the four new trades are going slightly against us. However, the lines have not crossed, so according to my trading strategy, I will stay in the trades. The two pairs that are going long with the JPY are going well - so I have adjusted my stops. After scanning the other currency pairs, I found that there were no new trades to enter.