Trading Day Recap for 1/11/2011
Today started out pretty quiet.
The $EURUSD, $GBPUSD and $USDJPY were stuck in a range until the New York open.
I saw some weakness in the YEN and was looking for a long in $USDJPY. Unfortunately due to human error, I was long $GBPUSD. I had to get out of that trade quickly because although possibly profitable it was not the trade I wanted to be in. As it turns out I was right. The trade became a losing trade almost right away. I was stopped out 6 pips below.
My opportunity to be long the $USDJPY had gone. Seeing the weakness in the $GBPUSD, I was looking for a short in the $EURUSD because the $USDX gained some strength since the opening.
My second trade was a short $EURUSD for +10 pips on my first half and + 13 pips for my second half.
My last trade was a pure momentum trade on the $USDJPY. I went long the $USDJPY after it broke the highs putting my stop 5 pips below. Out + 5 pips on first half, and +6 pips on the second half. 
I finally decided to end my trading day after these three trades because in the last 30 mins most of the pairs were stuck in a 15 pips range with no volume to move anything.
