The hard road to consistency

Discussion in 'Journals' started by calmeurotrader, Oct 1, 2012.

  1. I don't expect any big moves either, market is quite dull recently.
    Hopefully we will have wider ranges after Christmas.
     
    #341     Dec 18, 2012
  2. I'm playing a dangerous game

    took most my profits on my long gbp.usd at 6296

    and added to my losing eur.usd at 3278

    that makes me short from 3192

    and if it ever gets back there I am going to close most of it out at BE

    otherwise, I know from experience, that is an excellent way to go broke
     
    #342     Dec 19, 2012
  3. Do you want to be an old and bold trader in one ? ;)
    Why do you play the dangerous game then ?
     
    #343     Dec 20, 2012
  4. got out of that eur just in time

    3192
     
    #344     Dec 20, 2012
  5. so I'm short eur.usd from 9192
    long aud.usd
    long gbp.usd

    so net short usd

    or at 1:1:1 short eur.aud and eur.gbp depending on how you want to look at it

    but I don't stay 1:1:1 very long
     
    #345     Dec 20, 2012
  6. i meant 3192

    had my limit in at 3192 and got filled at 31913
     
    #346     Dec 20, 2012
  7. sold some more at 3274, makes me short from 3232, and at the moment it is my largest position

    if I ever get out of this trade alive, I'm just going to go raise chickens
     
    #347     Dec 20, 2012
  8. well, that was cool, unloaded what I sold at 3274 at 3132, so now I'm back to even at a better price
     
    #348     Dec 20, 2012
  9. seems like the bulls and bears are pretty evenly divided in that 3232 to 3238 range. Doesn't take much of a move above that to get the bears covering.

    I'm starting to feel like I am the only bear out there willing to sell a rally, and even then my next sale is way the heck up there at 3365.

    if I can't get that, I will also sell at 3190
     
    #349     Dec 20, 2012
  10. so that's how it is going to work is it?

    I told you if I couldn't get 3365 I'd sell some more at 3190 (actually got filled at 31888 on a 3190 stop, so it works both ways.)

    man I hate to add to those winners. It's so unintuitive. Plus, it messes up my average price.

    so now I'm short twice the size at a worse price from 3210

    If I ever get out of this trade alive I'm just going to go raise chickens

    Although I must say, so far it has been working remarkably well
     
    #350     Dec 20, 2012