closed one position at 1.2515 profit 40 pips, should have done that a long time before. will reenter if it gets to 1.255. 9 trades, Profit: 346 pips losses 108 pips P/L: +238 pips. 6 winners, 3 losers.
So far so good! moved stop to 1.2535. I am not going into the should and would thing (actually I shorted at 1.2525 closed at 1.2440, won't count it, it was not documented!).
Closed trade at 1.2424 profit 130 pips. Will reenter short after any sizeable bounce around 1.2470. 10 trades, Profit: 476 pips losses 108 pips P/L: +368 pips. 7 winners, 3 losers
Had I left my stop in place I would have been green (woulda shoulda), this what happens when we modify the original plan, sticvk to the plan Momo! I added one position at 1.2377 got out at 1.2395, moved my stop 1.2362, changed my target (was 1.2431 grrrr), got stopped out (a wash). For the records and for intellectual honesty, I would consider it as a 23 pips loss. I feel right now like I have lost sync with the market; I am very happy of my predictions since the beginning, the market seemed to follow my directions, so now I am out for one or two days, until I see a clear direction. Here is my take: If we trade this afternoon higher, we may get few high days, if moreover we get 2 to 3 weeks high, then there will be blood bath taking the euro down past the big support area 1.20-1.22. If we go down from here then 1.22 will be very good support to go long for sometime. 11 trades, Profit: 476 pips losses 131 pips P/L: +337 pips. 7 winners, 4 losers
It is very likely that we go up to 1.27 before the down trend resumes. I will wait for a pull back and go long. I will short at 1.2480 for a scalp to target 1.2430 stop at 1.2535. I will go long at 1.2410 stop 1.235 target open, if it gets down more I will add another position.
It looks like it has some room up, I will scratch the trade if it comes to my entry point, then try to reenter short at 1.2510, then 1.2530 if it gets there, stop at 1.258 target 1.2430. Scratched the trade at 1.2484 for 4 pips loss won't count it.
Target hit! So far the euro behaves just as I ask, I am impressed Look to go long at 1.242, see first how it will behave this afternoon. Profit 48 pips - 4 = 44pips 12 trades, Profit: 510 pips losses 131 pips P/L: +381 pips. 8 winners, 4 losers.