College Fund Challenge

Depending on which account you look at, there was +1, +2, or +3 pips.

All open trades just may close out today, in profit, I may add.

One of my open long trades closed today (plus 5 pips ). It was the long trade on the account that I had to manually enter, and hence the price I got in at was lower at 1.5848! I still have two long trades running that were opened at 1.5858. It was very close today...I could almost smell the pips! Fingers crossed for tomorrow!

I know! I was about 4 pips away from breaking even. But, on one of my manual trades that I opened 88 pips below the open price of this trade, it closed out for 88 pips.

Now, market is retracing a bit. I opened another buy, now that the market was 50 pips below where the original trade opened. This time, I think I'll move this manual trade to BE when it gets positive 50 pips and shoot for the weekly pivot point at around 1.59400.

So annoying that the trade saw just a breath away from being safe. It keeps hitting that resistance line and bounces off. In the past, if I would have closed it out early, I would have missed 26 pips. This time, I'm just pretending I am on vacation and can't check the trade. I'm just letting it go.

Fingers crossed.

More short lived short 1 pip hedges this morning

The long term long trade still remains open from 13th September. Cable currently hanging around the 1.5800 mark. Let's hope it's ready for take off today

No trade for me last night. Trade is still open from the 13th.

At this point I'm going to call this week a +7.82% gain for the week. It still could close today if we get r up about 70 pips. We shall see.

Hmmm so the long running long trade is still at 1.5800 after 8 hours! Question is do I leave it open over the weekend and risk negative slippage? Or do I hedge it with a short trade? Or do I cut my losses and close it? Decisions decisions.

My rules are not effected by weekends or holidays. All go for open trade to next week.

Starting funds on Monday 13th June £391

ACCOUNT BALANCE JUNE 2011
13th £391 = $642
17th £428 = $688
24th £443 = $707

ACCOUNT BALANCE JULY 2011
1st £458 = $733
8th £487 = $777
16th £492 = $793 Trade still open over the weekend
22nd £510 = $825
29th £498 = $811 Closed manually to avoid open trade over weekend

ACCOUNT BALANCE AUGUST 2011
5th £514 = $839
12th £514 = $839
19th £543 = $896
27th £610 = $991

ACCOUNT BALANCE SEPTEMBER 2011
2nd £629 = $1,019
16th £653 = $1,030 There is however a drawdown this weekend of £63