STATE OF PLAY (Target/stop loss 20/30 on GBPUSD & EURJPY, 40/60 on GBPJPY; capital £20,000, 1.5% risk per trade)

Price Action notes (15 min candles; double stops/targets & half stakes; daily cumulative in brackets; daily target £300, closed at first reversal after midday if still live)
GBPUSD - closed at 25 pips, close to pivot - SHORT FROM 1.9655 (18)
EURJPY - closed at 43 pips - LONG FROM 162.46, (-17)
GBPJPY - LONG FROM 203.21, closed at 202.73 (-97)
EURUSD - LONG FROM 1.5724, closed at 1.5746(-38)

GBPJPY had 60 pip profit available on 3rd trade today at its daily pivot; most would have taken that. However, the above shows worst case scenario. Also, EURUSD had 45 pips available on 2nd trade today, that ended up at 22 pips at close. The GBPJPY cumulative would be 11 pip profit rather than 97 pip loss, had the 3rd trade been closed at the daily pivot. The live GBPUSD trade has just been closed as it is near to its daily pivot.

Total 134 pip loss or £427. Bear in mind today had incredible swings as a result of news releases. Two trades incurred maximum losses of £300 each. Had live trades been closed immediately prior to news release, the daily cumulative would have been £367 better off, ie a loss of £60 for the day!!

System II
CLOSED - EURJPY BUY @ 161.93, 30 pip loss
CLOSED - EURJPY SELL @ 161.64, 30 pip loss
CLOSED - GBPJPY SELL @ 203.04, 0 pip profit
CLOSED - GBPUSD SELL @ 1.9676, 20 pip profit
CLOSED - GBPUSD BUY @ 1.9672, closed at midday 7 pip loss
CLOSED - GBPJPY BUY @ 203.56 - closed at break even due to price action/daily pivot/200ema (on seminar!)
May cumulative 33 pip profit (£45L).

Daily pivots: GBPUSD 1.9622, EURJPY 162.22, GBPJPY 203.77