An interesting week where the Box trades saw a peak of 274 pips profit. We had one loser on the $USDJPY where the trend line broke and our stop was hit. Two trades were profitable and ended up reversing into the trailing stop and we had one great trade on the $GBPUSD which hit it’s 100 pip is profit target. Overall the week saw 41 pips of landed profit.
For me the key take away is the markets are reversing all over the place, so next week we will be using an automatic profit target, based on the average daily trading range of a currency pair. The Box EA works it all out for you, so even less to fret about!
For more information about Trading The Box and for some new free stuff, visit http://www.tradingthebox.com/