Targets have been hit on 3 of the 4 trades

Well I have to say that I am a bit cheesed off.

Three of the four trades I have identified and placed orders for in the past 48 hours, have hit their respective targets and the fourth trade is up 4%.

Below is a brief summary of what has happened.

Aussie / USD

Entry: 1.0470
Stop: 1.0495
Target: 1.0345

Price retraced to a high of 1.0444 which was 26 pips from my entry.
The trade was not triggered and the target of 1.0345 has been hit for a 5% profit.

Chart below.

 

Aussie / JPY

Entry: 86.80

Stop: 87.15

Target: 85.05

Price retraced to a high of 86.55 which was 25 pips from my entry

The trade was not triggered and the target of 85.05 has been hit for a profit of 5%

Chart below.

GBP / JPY

Entry: 131.90

Stop: 132.25

Target: 130.15

Price retraced to a high of 131 .83 which was 7 pips from my entry

The trade was not triggered and the target of 130.15 has been hit for 5%

Chart below.

Aussie / CAD

Entry: 1.0415

Stop: 1.0440

Target: 1.0290

Price retraced to a high of 1.0395 which was 20 pips from my entry

The trade was not triggered and price has been to within 27 pips of the target.

Chart below.

On another day I would have banked 15% profit.

I would also have a position that had locked in a further 1% profit with the position still open.

I have been a tad unlucky this week.

Things will turn around and profits will start to roll in.

I will post again when I have a good strategy trade

Have a good afternoon

Best Regards

Scott