Recent and today's action: Wednesday, Shorted Micro ES Futures and was stopped out at a 1% loss. I jumped the gun instead of waiting for the confirmation that I'd normally use for shorting an up-move. ------------------------------------------------ Today: Shorted USD/CAD from 1.3755 with a 10-pip SL (initially). Closed out at 1.368.
Haven't been trading this week but I did take a position in EUR/USD today. Shorted from 0.9746 with a 19-pip S/L. Covered at around 0.965. I'm upset at myself for not going long after I closed my short because that was my initial plan but I didn't wanna push my luck.
Without realizing it, this is more or less what I’ve unconsciously started doing. Now, I trade maybe 4 markets. /MES, /MCL, /MGC and EUR/USD. And, to a degree, those markets are very correlated. So, trading one in a certain direction isn’t that much different than trading the other.
I haven't been doing a good job of keeping up with this journal, but most of my trades since my last post have been EUR/USD trades. This time, I took a short in the /ES earlier Entry price: 3850 Exit price: 3836 Risk: 4 pts Not my ideal RR but it worked. I had a long in /CL. Entry price: 84.22 Exit: 85.79 Risk: 45 ticks Again, not my ideal RR. Traded only 2 /MCL contracts.
EUR/USD short Entry price: 1.0046 Exit price: 0.9978 Stop loss: 1.0056 /MCL short Entry price: 88.32 Stop loss: 88.45 Exit price: Stopped out at a loss
Last time EURUSD was @ 1.0046 was @ 8:05am? Did you mean 5 digits to the right - 1.00046 Even still that was @ 11:35am Or maybe it was a different symbol?
Had an overnight trade in the EUR/USD Entry price: .9995 Stop Loss: 1.0014 Exit price: 0.9932 A little more risk than I would have liked but it worked.
Short /MES trade Entry price: 3815.5 Stop Loss: 3825 Stopped out In my post-trade analysis, I realized that I overlooked a key price action move. Had I noticed this, I would have been looking for a double-bottom long instead of a short. Thankfully, my EUR/USD short still made it a profitable day.