End of the month, end of the week, EVALUATE
Ah May is over. A super strong ending for the JPY pairs, I must say. This month I ended up booking +721 pips. Not bad, but not quite my goal of +200 pips per week. Yes, I made a few mistakes this month. I have been concentrating very hard on GBPJPY pair the most and also trading EURUSD when I see a good set up for intraday trades. While I have been viewing the charts the past couple of days, I have decided to add another currency pair to my repertoire: AUDJPY. It has nice wide swings, perfect for swing trading. Since it has a decent swap rate I am only going to enter buy trades to hold for a few days to reach a predetermined target. I think adding this type of trade could be nice because I should be able to just set it and forget it, and still concentrate on other intraday trades. I will start out June only trading one mini lot per trade to see how it goes. I will post the trades taken and performance each month here. Ahhh the fun of being a trader! Have a great weekend, see you in June.