Forex Calls Recap for 1/28/11

Closed the week out on a winning note with two half-sized stop outs overnight ahead of the GDP data, and then a full-sized 40 pip winner. Slightly green day wrapping up a slightly green week that is about to end a red January, our first net negative month in almost three years. Good example for people of why sticking with a system matters statistically.

EURUSD:

USDJPY:

GBPUSD:

Half size overnight ahead of GDP (which, strangely, didn’t do anything to the market anyway). Triggered short at A and stopped. Triggered long at B and stopped. Back to normal size after the data. Triggered short at C, hit first target at D, closed out final piece around the same area two hours later:

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