Adventures of a Trader 2

Discussion in 'Journals' started by cashmoney69, May 24, 2008.

  1. working order to short gbp/usd @ 9799

    Target: 9700 (99)
    stop: 9850 (50)
     
    #11     May 26, 2008
  2. C- kid

    C- kid

    I decided not to help you cash

    you are spoiled brat, until you see some real suffering, no help from me

    you didn't even PM me for advice,

    such unearned arrogance :mad:
     
    #12     May 26, 2008
  3. Resistance at upper trendline/ overbought

    Short gbp/usd @ 9799

    Trarget: 9670 (129)
    stop: 9850 (51)
     
    #13     May 26, 2008
  4. Resistance at upper trend line, also over-bought indication.

    Short nzd/jpy @ 81.35

    Target: 80.7 (65)
    stop: 81.6 (25)
     
    #14     May 26, 2008
  5. Forgot, both UK and US are in a holiday...its going to take forever

    for g/u to move! :mad: No wonder its been so flat.
     
    #15     May 26, 2008
  6. stopped out nzd/jpy 81.6

    - 25 pips
    + 5 spread

    PnL - 30.00
     
    #16     May 26, 2008
  7. Jander

    Jander

    What exactly was your reasoning for entering that trade?

    And that is a bit scary that you had no idea a market holiday was coming up, unless that was a onetime momentary glitch..

    EDIT -- just saw your previous post

    I wouldnt use Stoch > 80 as a short signal unless you are quickly scalping... And you should move that trendline up after it is broken

    Also you saw that retrace bounced off support right?
     
    #17     May 26, 2008
  8. upper trend lines resistance and it was overbought.
     
    #18     May 26, 2008
  9. It wasnt a bad short but I see screaming cover signals much earlier than where you finally did.

    Also keep in mind that if you are shorting an uptrending instrument you have to be willing to take smaller profits.
     
    #19     May 26, 2008
  10. YoungOne

    YoungOne

    Consider some other brokerage those guys at GFT rip you off when it comes to spreads. Check out ECN fx brokers: mbtrading, ib, hotspot, etc. Best of luck.
     
    #20     May 26, 2008