Daily Activity 9/15

I spent the day on Blue Point and Kurtosis' trading rooms. Also, I watched a video from the OrderFlow blog about his trading on Monday. This concept of Market Profile is very interesting and warrants further investigation. The EURCHF was biased to the long side all day and I closed 2 long positions in profit. To capture some quick pullback action I initiated a short position but set my profit target to low and it was missed in the overnight consolidation. Now I am holding 1 long and 1 short EURCHF. My 5 EURUSD trades resulted in 3 losers, 1 break even, and 1 for profit. The break even trade could have been my biggest winner of the day but I was looking for more based on a news rumor which made me keep the position open too long. Lesson learned don't trade the news/rumor, trade the price action.