Good luck to you as well, but most TA practitioners I personally know are long for a long time already, taking all 100% of the trend is hardly possible so if it stops me out a bit below the top, that's fine. By the way, are you going to close the trade today, why the choice of expiring contract over the next date, which already gained volume too?
I'm reminded of the Queen lyrics "It's a kind of magic"...shorting September and closing December. Remember all the deception Surf got up to in his last posting adventures? Well, he's at it again....plus denigrating TA at every step, pitiful. Note, the first trade was a good entry in September contract, which should have been closed just over 2 hours later at 13515. However, he held on as it reached -80, before closing in reality at -30 area. Instead, he claimed 40 points profit by switching to the December contract. A..... 09-13-12 2:28 PM ET B..... 09-15-12 11:05 AM ET
In fairness to Surf (just this one time ), he didn't claim he made a profit on the trade even though there was a contract discrepancy. He just said he is now flat.
As one can clearly see, the Forex victims have overtaken elite and even the surf journal. Please join the campaign to clean up elite by elImnating any mention of that degenerate gambler, third world hustler favorite search term --forex, thanks http://www.elitetrader.com/vb/showthread.php?s=&postid=3626396#post3626396 Together we can bring elite back to it's former glory. It's almost unbearable now.
Playing the dealers off each other is the only way I have ever seen anyone win consistently in FX. If you can't or don't do this you WILL lose. Way smarter trading currency futures. Regardless, Forex attracts major trouble to elite. It needs to be elIminated to make this site better. surf Please join us on this thread to work toward banning Forex http://www.elitetrader.com/vb/showthread.php?s=&postid=3626396#post3626396
Surf, it remains unclear. What was the outcome of your last YM trade? You seem to have entered the September contract and exited the December. Please advise.