We have several holdover trades from last week, which actually tends to bode well for them. The longer a trade stays open, the larger the chance it will end up profitable. Those trades are Long GBP/USD and Long GBP/JPY.
We've also had 3 new trades trigger so far this week:
Long 389 AUD/USD at 0.8961 with stoploss at 0.8838
Short 546 USD/CHF at 1.0730 with stoploss at 1.0818
Short 1868 USD/JPY at 89.75 with stoploss at 90.26
Going into the week, we were Long the USD/JPY from last week... but since the pair didn't wander too far last week, the triggers for the new trades for the week pulled in very close to the price action. I fully expected the change in direction to occur. Often, these are the best trades this strategy offers. We haven't had a strong breakout of the Yen's tight range yet... but if one happens, we will be in the chips!
The other two new trades are not showing much movement. Oz is slightly profitable, and Swissie is slightly negative.
Current account equity: $181.52
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