In my last post I focused on the Greek referendum and forgot to update my readers on my positions. I took several trades on Friday, the most important of which was an Aussie short. I left a pending sell at 0.7587, this was triggered in the Asian session on Friday. I rode this trade all the way to the close, when I was margin called due to the weekend leverage. Total gain +62 pips.
The margin call was a mistake on my part, I should've adjusted my positions much earlier. With the large volatility seen in the pair earlier in the day I thought that there will be time to do it before the increased margin kicked in. I was wrong. This means that I've lost 6 points in the orders quality category but more important, the max I can get from this section, no matter how much I improve the pending orders, is now 49 instead of 50 points.
I took several other trades during the day, most of which cancelled each other out. A USD/JPY short got stopped out for 12 pips. A EUR/USD short stopped for 13 pips and a GBP/USD short margin called (weekend) for +19 pips.
Overall a good result on Friday that allowed me to get back to breakeven territory. I'm currently down by only 5k this month and hopefully my equity will go up from here!
The margin call was a mistake on my part, I should've adjusted my positions much earlier. With the large volatility seen in the pair earlier in the day I thought that there will be time to do it before the increased margin kicked in. I was wrong. This means that I've lost 6 points in the orders quality category but more important, the max I can get from this section, no matter how much I improve the pending orders, is now 49 instead of 50 points.
I took several other trades during the day, most of which cancelled each other out. A USD/JPY short got stopped out for 12 pips. A EUR/USD short stopped for 13 pips and a GBP/USD short margin called (weekend) for +19 pips.
Overall a good result on Friday that allowed me to get back to breakeven territory. I'm currently down by only 5k this month and hopefully my equity will go up from here!
