Hello and welcome to today’s adventures in the Forex Jungle. This is the final virtual trial blog.
Well the virtual trial period has ended with a whimper. On logging in and checking the charts, I was confronted with mixed signals. The main 15 minute chart was indicating a climb in the pair, as was the 5 min chart. The 1 hour chart, however, was pointing in a southerly direction.
As the pair was trading above the daily pivot, I followed the 15 minute chart and entered a long @ 1.6065. As my confidence wasn’t 100%, I set a tight stop loss at 20 pips, and I was glad I had done so when I seen the price plummet just prior to the news release at 09:30. The plunge occurred 5 minutes before that! Just who is feeding who here!
As my weekend starts around lunchtime on Friday, I thought about a quick damage limitation trade, going short and following the data on the hourly chart. But sense took hold and I decided to take the knock on the chin. Like I said yesterday, it doesn’t really count anymore. It’s only virtual, and the account ended the trial at £925.00 (Damn!).
The system has proven itself as workable over the last 9 or 10 weeks. I’ve talked the talk, now it’s time to walk the walk. Let’s see what happens when it gets a proper run out in the real world starting Monday 4th April.
Until then, have a good day on the platform, and have a great weekend.
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