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tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 06:47 AM

e/u at 1.4372. Back in on the long side. Would give this one more room in case in it goes down. If it goes down, I might add in I am around and if a good entry arises.

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tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 02:56 PM

Quote from tradingjournals:

e/u at 1.4372. Back in on the long side. Would give this one more room in case in it goes down. If it goes down, I might add in I am around and if a good entry arises.

e/u at 1.4412. Take profits.

Cumulative gains: 202pips.
Cumulative losses: zero
Number of trades:5
Number of trades with gain:5
Number of trades with loss: 0

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tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 03:03 PM

missed an entry on a short at 1.4414. Pair is now below 1.44.

update: now at 1.4392. Went long half size.

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tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 03:10 PM

Quote from tradingjournals:

missed an entry on a short at 1.4414. Pair is now below 1.44.

update: now at 1.4392. Went long half size.

closed at 1.4399. +8pips. A fast scalp. I am not trusting the long side, and also not patient. It might go higher to around 1.4410

Cumulative gains: 210pips.
Cumulative losses: zero
Number of trades:6
Number of trades with gain:6
Number of trades with loss: 0

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tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 03:32 PM

In one minute it fell from 1.4405 to 1.4360. 43 pips. My suspension of the long side in previous post was then well founded. I would was ready to buy at 1.4358. I missed by 2pip. The bounce was 32 pips.

So two great trades were missed this morning. It would have led to around an 80pips gain in total.

I feel impatient, and since I would buy if price were to be 1.4355 area, I decided to scale in even current price is not desirable as entry, because I might miss on the long side if it goes higher first.

So I entered at 1.4387 with intention to add if it falls to 1.4355.

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tradingjournals

Registered: May 2010
Posts: 3189

05-31-11 06:02 PM

added at 1.4367 to long. So average price is 1.4377. My current feeling: pair has been looking weak on long side, so I am looking forward to know how a bullish behavior would come about develop if it develops later now. Would a rise in price bring in demand?

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