First, my apologies.  I got so caught up in focusing on the trades as they were happening that I completely forgot to start my running commentary.  So this is an after-action summary rather than a blow by blow.

I spent quite a bit of time before the market opened in meditation and prayer, contemplating the question, What are the lessons to be learned from two straight losing days that put me down almost 5%. Aside from the obvious of missing the RBO trade on the GBP pairs yesterday, when they broke out and shot up nearly 100 pips, I kept coming back to the fact that, on both days, I was up significantly and could have walked away with pips in my pocket, but I felt like there might be more, and kept trading only to see those gains whittled away one trade at a time. In other words, I wasn’t satisfied with what I had, or, I got greedy.

Pre-market, my trade plan showed 100% ranges. I was a little cautious, but, remembering yesterday’s experience where failing to set pending orders on the GBP pairs due to excess caution cost me 100+ pips, I went ahead and set pending RBO orders. I got hit on GBPUSD, and rode it up a little.  As the USD news approached, I tightened up the stop , but it got hit by the widening spread ahead of the news and cost me a couple pips.  I took trades on the news in AUDUSD, NZDUSD, and EURUSD. They all moved up somewhat, but then retreated to near break-even as the end of the candle approached. So I was down a few pips.

I took an RBO on the USDJPY, which ended up closing back inside the range and cost me <2.5> pips, and an RBO on CADJPY, which also closed back inside for <5.0>. So now I’m down a total of <12.5> headed into the open.

Then we started getting some action in the Yen crosses. I took re-entry trades on CADJPY and USDJPY, and RBO trades on EURJPY, GBPUSD, AUDJPY, EURUSD, and GBPJPY. These provided some opportunities to practice trade management. I ended up taking a limit out on the CADJPY ahead of the oil for +20, and then punched out of EURJPY for +28.1 and USDJPY for +11.0. The GBPUSD stopped out somewhere in there. So I’m sitting there up a net 30+ pips, with a couple of open trades that are bouncing around, and I’m thinking, this is where I was yesterday when I was up 33 and decided to keep trading, and ended up down <40>. So I rode those few trades, trying to get a couple pips apiece out of them, and then punched out.  I ended the day up net 41.1 pips (+1.87% on the account), and leaves me down <80.3> for the week and month.

I do plan to trade the NFP tomorrow and see if I can get a little more of it back.