Only position we have this week got stopped out
In week 37, we were only looking at one new trade as we were focused very much on helping our students improve their trading psychology through a series of motivation tweets. We also challenged our students during one 4M class, a support class held in the afternoon, to hold a trade on AUDSGD. You can read more about the challenge and the results in this blog post “80-pip AUDSGD Trading Psychology Challenge“.
Week 36 trading performance here.
GBPNZD: Stopped out at -220pips
To promote further learning, we detailed more about what happened to this trade in a protected blog post especially for our students.
High impact news and closing forex gap
GBPNZD reversed as Scots poll mood shifted; closes early week forex gap
To large extent, looming Scots Referendum on Independence acted as high impact news – not the usual ‘volatility-for-15-minutes’ like ECB Press Conference but as a slowly-unfolding event that cast a long shadow throughout the whole week. The market opened week’s trading with an across-the-board gap down in GBP crosses but as mood changed quickly, many pairs reversed. We were short GBPNZD as part of trend-following but position turned into loss as as the pair retraced at all and then turned into a reversal that took off in the opposite direction.
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Last time, many things that I wanted were just dreams, now I see them as possibilities. I'm looking forward to own pent-house suite in Manhattan overlooking Central Park because forex trading with Tflow® makes it possible. Find me on Google+