Week No. 2

Below are the charts for the week January 9, 2012 through January 13, 2012.

EUR/USD

Cam Y S1 didn't do too much this week, neither as resistance or support.  For some reason I went long on Monday (1/9) at the Cam Y S1 and was stopped out a few hours later. 

GBP/USD

I went long on Friday (1/13) off the Cam Y S2, which I closed later in the day for a small profit.  I should have gone long off the Cam Y S1 at the start of the week and then on Wednesday; and short off the same line on Friday, but I didn't have my orders in.

USD/JPY

This pair doesn't seem to move anymore, until Fridays.  No trades here this week.

USD/CHF

Not trusting the peg I don't have any orders.  However, the Cam Y R1 hels nicely as support on Wednesday.

USD/CAD

It just kissed the Cam Y R1 and then dropped.  I missed this one and regretted it all week.

AUD/USD

I went short on Thursday (1/12) off the Cam Y R1 and rode the trade through the weekend.  I was going to sell two lots, one at 1.036 and the other at 1.038.  Price never got to my second order.  I'm not sure how I feel about splitting the lots, I was able to get a better average price on the NZD/USD short, but this one I only had one order filled.  This is another thing I am watching with time.  Also on this pair my original take profit (TP) was 1.027; however I saw the nasty price action on Friday and cleared out my order.  I modified my stop loss (SL) on Sunday to 1.027 and was stopped out.

NZD/USD

I went short on Tuesday at the Cam Y R1 with two orders, one at 0.7925 and the other at 0.7945.  My SL was set at 0.7975 and was hit on Wednesday (1/11) for a loss.  I didn't feel good about this trade once it started.  I even thought about getting out at break even mid-day on Wednesday.  My thought was to get out and re-enter at a better price.  I didn't and was stopped out. 

EUR/JPY

I went long on Sunday (1/8) off the Cam Y S1 and hit the TP later on Monday.  For some reason I picked 97.10 as the place where I would buy in again, this didn't get hit on Friday.

GBP/USD

I had a buy order slightly off the Cam Y S1, this didn't get triggered on Friday due to the spread.  Had I had the order at the actual line, it would have triggered and I would have been able to close it for a small profit later on Friday.  I was trying to keep it off the line in hopes of getting a better price.

AUD/USD

No trades on this one this week, but look at that solid range Tuesday through Friday.

Overall it was a disappointing week.  The missed USD/CAD trade was upsetting.  Also, my inaction on the NZD/USD trade lead to a loss.  I lost 2% of my trading account this week due to the NZD/USD trade and that wacky EUR/USD trade.  The euro trade was pure gambling, no solid judgement behind it at all.  I do have a AUD/USD trade open that is in the money, if that were to be booked as is I would be flat on the week.