I was stopped out this morning, two days after going into the trade. This was a bet on the oil price rising — which it didn’t. It was a mistake to have two live and correlated trades. I need to stop doing this kind of thing.
The other thing is that I am still putting the stops too tight on currency trades. To be stopped out of both of these trades, which should have performed in different environments, is bad. Currencies are so fuzzy that I am wondering whether it is worth trying to trade them at all.
Here are some charts. USD/JPY was the right trade.