Long: EUR/USD USD/JPY EUR/AUD EUR/JPY EUR/GBP USD/JPY GBP/NZD
Short: USD/JPY AUD/CAD EUR/JPY GBP/NZD EUR/USD GBY/JPY
Reasoning for trades: For this particular trade, I took a different approach in the currency trading market. I tried to set up my trades with a set take profit, stop loss, and trailing stop loss. After analyzing trends in the 15-minute graph as well as the activities that are happening in the forex calendar. On 16th Feb, I decided to short EUR/USD because according to ZEW report German ZEW Economic Sentiment was expected to decrease from 10.2 to 0.1 which dropped to 1.0. Thus, I short EUR currency against USD currency because the anticipated fall indicated pessimism on the Germany’s 6-month economic outlook and I made a loss. On 18th Feb, I decided to long EUR/USD because the report from INSEE showed that the French Final CPI m/m was expected to remain constant at 0.1% which was the actual CPI on the report, and I made some profits. On closing a trade on USD/JPY, I mean a significant loss. My account summary at the end of the trading was reading unrealized P&L (-92,632.41), realized P&L (212,140.98), margin (111,634.00), margin available (106,677.28) and the account balance was 310,943.69 which was lower than my initial balance that was 333,634.93.
