Long: EUR/USD USD/JPY EUR/AUD EUR/JPY EUR/GBP USD/JPY GBP/NZD
Short: EUR/USD USD/JPY AUD/CAD EUR/JPY GBP/NZD EUR/USD GBY/JPY
Reasoning for trades: For this particular trade, I decided to use a different method of trade 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 20th, 21st 22nd, 23rd, 24th, 25th, and 26th Feb, I decided to trade on the EUR/USD currency. However, according to the reports in the forex calendar there were no compelling activities that would encourage either long or short on EUR/USD. Thus, for the whole week I did not long nor short EUR/USD currency. Similarly, on 20th, 21st 22nd, 23rd, 24th and 25th Feb, I considered trading on USD/JPY currency but due to lack of compelling reports from the forex market, I decided not to long or short USD/JPY. However, on 26th Feb, I closed a trade on USD/JPY which led to a loss of 598.5541 USD because according to Bureau of Economic Analysis report, the forecasted Prelim GDP q/q was to drop to 0.4% but it rose to 1.0%. . At the end of the trading the unrealized P&L (-191,760.00), realized P&L (212,542.43), margin (109,367.00), margin available (8,846.84) and the account balance was 309,973.84.
