Paper Trading Day 46 of 90

AFL Grand final day tomorrow and my prediction is Geelong. They have the eye of the tiger whereas St Kilda do not.

FOREX:

My decision to close trades that head in the wrong direction two days in a row seems to have worked in the case of my long trade on Euro / Japanese Yen as lifestyle trader signaled an exit for this pair today closing at a lower price that what I got out for. Lifestyle trader also signaled an exit on long trade on US Dollar / Japanese Yen.

There is also an entry signal for a short trade on Australian Dollar / US Dollar however as the weekly chart is heading long I will not take this trade and an entry signal for a short trade on Euro / Japanese Yen.

Due to the drop in the british pound profits on open trades has more than doubled today to $12,287.83 and closed trades is now at $377.75 a total of $12,665.58 an increase of 34.23% on my initial account.

COMMODITIES:

I closed three trades today and was stopped out of one;

• Short trade on Corn taking a lose of $600
• Short trade on Feeder Cattle with a profit of $650
• Long trade on Coffee (stopped out) with a profit of $2171.25
• Long trade on Cotton with a profit of $2430

Lifestyle Trader gave exit signals for short trade on Wheat and short trade on Live Cattle and an entry signal for a long trade on Cotton (with a weekly trend in the same direction) as a result of the lines crossing two days in a row.

Profit on open trades is currently $983.00 (I only have seven open trades on commodities at the moment) while profit on closed trades is now $14,508.75 for a total of $15,491.75 an increase of 32.27% on my initial account.