It's not just today...but I think for this week the price action is somewhat very choppy due to the developing hurricane in the Carribean. I loss twice for this week trading to date with the biggest loss of 55 pips yesterday (Wednesday). However, if I have the luxury of time to monitor the market all day since morning of today, I would be able to profit at least 40 pips or so trading the range bound method using 3 mini lots. The bouncing price movements in the last couple of days ranged between 10 to 30 pips, and using multiple mini lots can effectively harvest a good pips to recover some losses. BUT I will only do it if I am sure (based on calculated risk and risking not more than 3% of my trading fund) the market will go my way based on the chart pattern and fundamental landscape that may influence the price movements.
Looking forward for trading opportunities for Thursday and Friday. I expect next week on Monday will be quiet as the US will be on Labor Holiday.
Happy trading guys ;)
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