One of Jonas brothers (not sure about spelling his last name) was also rolling by even though I'm not a fan of him or something. It's for younger folks.probably he's talented since he made all his millions. Anyway it's not about him. It's about parade and me going there first time in twenty years being in NYC.LOL
I have been there once may be 5 years ago when the kids where babies! Parades are not my stuff. Taking a look at the euro, I am screwed I think! I added 2 positions long at 1.2456, stop 1.2441 target 1.24886. I am starting to think money; it is very not good. If I loose on this trade I will take sometime off.
Look. Maybe you just need to tight your stop loss a little bit. Maybe it's some other thing. I didn't look o n the chart for checking why you screwed up ( or not). We're having dinner right know. All I know you were reading market well except few instances when you were trying to tell market you are right. Sorry if I said something that insulted you. Just my humble opinion. You'll do ok. You've been at it long enough to know
I think my problem is trading too big for my account. I have 4 positions; $200,000 for an account of $5600! That's what makes me focus more on the money than on the chart. Will go back to maximum two positions. Thanks, your comments are very welcome. Enjoy your dinner. I don't celebrate Thanksgiving, next year may be, our annual big dinners are Christmas eve and Muslim big Eid, I need to add Khanukah or Passover, my friend Jerry will give me the recipe.
Last night was very tough, my ill-planned long positions were stopped out at 1.2441, for a loss of 26x2 + 15x2 = 82 pips i.e. $410. I saw the pullback was not serious, on every time frame there was not a shadow of follow through for any push down, so I went long again 2 positions at 1.2436 and 2 at 1.50 stop at 1.24, the two days ago low, if that low is broken it would go a lot down, but the way it was coming down is lacking juice for that kind of push. I targeted 1.2483 which was hit and 1.252. This morning I couldn't resist to close the two remaining positions at 1.2482 for a total profit of 46x2 + 32x2 = 156 pips i.e $780. 40 trades, Profit: 1461 losses: 423 pips P/L: 1038 pips 25 winners, 15 losers. New challenge: -$480 - $410 + $780 = -$110 not bad at all! Here is my whole account, full transparency!!!!
Trying to break even for the week! Another odd idea. Long 2 positions 1.2435 stop 1.2427 target 1.2446.
Stopped out -$80. Getting back in at 1.2432 target 1.2452 stop 1.2425. Last trade of the month. Will stop my challenge, I will go back to trading very light and longer term, I am exhausted, I have a lot of work pilling up and it is not good to trade is a stressed environment. Will post less.
out at 1.24435 +115. Challenge: -$75. Should be happy, but...! Next week: it will go down to 1.2380, then go up to ? I am turning bullish after this crappy behavior. This is not how it should behave if it wants to go lower. I will be a buyer if it gets to 1.;2380 stop 1.2355 target 1.28! It looks like it wants to go up, it is about time that we get a relief rally, just as I predicted at the end of last week! On a shorter time frame, the high at 1.90 should hold, then we go down to 1.2380 area. Happy trading, have a great week-end all.
Managed to put a scalp short at 1.2445 out at 1.2436. Challenge: a little more than +$10! Expecting the market to go down, will short again for a short term play if it gets back to 1.245 target 1.238.