May 1st Trade Log For Profit Run Forex
1) Gbp/Usd: Entry Long @ 1.6851 (From Day Before)
Gbp/Usd: Closed @ 1.6900
Profit= +49 Pips
Market Report: News continued to dominate today’s trading, although moves were not made from it. Stagnant markets persist as we head into NFP, which is the “Big Kahuna” of news on Friday. Hopefully breakouts will finally occur and we can get better trades going. Profitably, the Gbp/Usd trade worked out great from the day before and gave us our second profitable trade this week. Nice to go into the weekend with 2 winners, although they were not as big as we wanted and for all the time spent trading, we only ended up with 2 trades. But as I have said many times, it’s all about quality, not quantity. This week was a lesson in that statement.
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