Day 33

Start Balance                     $14,344

Today's Profit Target             $186.16 (Day 28)
Required Position size         183,100 (JPY), 154,400 (USD)

Trades

1     +183,100K     USDJPY         -4.4 pips     (7:04)
2     +154,400K     EURUSD         6.2 pips     (0:21)
3     +154,400K     EURUSD         9.6 pips     (0:00)
4     +183,100K     EURJPY         1.5 pips      (0:03)
5     -154,400K      EURUSD        1.8 pips      (0:04)
6     +77,200K       GBPUSD        *7.7 pips     (0:08)
7     +91,550K       EURJPY         *1.0 pips     (0:33)
8     +77,200K       GBPUSD        *-2.5 pips    (1:20)
9     +91,550K       EURJPY         *3.5 pips     (0:07)
10   +91,550K       EURJPY         *4.7 pips     (0:26)
11   +91,550K       USDJPY         *0.0 pips     (0:00)
12   +77,200K       EURUSD        *2.1 pips     (0:25)
13   +91,550K       EURJPY        *-0.4 pips     (0:28)
14   +77,200K       EURUSD        *1.5 pips     (0:32)

* half the full sized position. this is the equivalent no. of pips if the position was full sized.

Total                          36.4 pips     ( $682.55 )

End Balance              $15,026

Project Status 

Day 33 end target  $15,365
2 Days Behind (3 days improvement since yesterday)
$339 behind schedule or 17.27 pips on tomorrow’s pip value.

Comments

Wow this was a very busy day, I traded like a madman from 10:30AM to 8:30PM. It was a public holiday in Australia but that doesn’t effect the market with the exception of a quieter AUD obviously.

Way too many trades to go through today but with the major exception of the first trade they were all very short term quick move scalp trades. The first trade was actually a huge disaster in the making and this could have very easily been a losing day. I had it open nearly the whole day and it was down 22 pips at the worst point. I was very relieved in the end to get out with only a 4.4 pip loss, funniest thing was getting paid $7 in interest for having it open for 7 hours. I was in and out of the next 6 trades while trade 1 was still open and after going past the 10 pip mark I switched down to half size. Apart from trade 1 everything was just going really well and my confidence was high, the EURUSD & EURJPY particularly were so predictable for short term pips and everything was coming off. At 8:30PM I was seriously thinking of continuing on but decided better of it.

Finished the day with my highest pip win so far, biggest $$$ day (win or lose), pulled back 3 days to be only 2 days behind and the account reached another milestone by passing the 50% increase mark.