summary so far (we are in day 3): Net: +330pips Cumulative gains: 353pips. Cumulative losses: 23 Number of trades:13 Number of trades with gain:12 Number of trades with loss: 1
It looks like an outside day. I have to give sometime before deciding whether it is a true reversal day (due to outside day behaviour).
Get your posts out of this thread. This thread is my journal. Do not dirty it with your posts. If the comment below is what is bothering you, did you consider discussing it with Mr. price? http://www.elitetrader.com/vb/showthread.php?s=&threadid=218121&perpage=6&pagenumber=15 The price was around 1.49. The distance seemed too short, but it may have seemed too far when e/u hit the 1.39 area. I would not be surprised some people were bullish when price was at 1.49 and bearish when it was at 1.39. Moderators: If you want a history related to post above, check posts by same posters in above thread url, and also in the politics/religion forum in which e/u are mentioned, but I did not respond to them.
I am still waiting for the mods to appear. Since I am at a junction in experiment, I thought to write it down before time passes. The total gain have now triggered a function to look at leverage increase. I have been applying between 0.5 and 0.25 (0.5 is the target, but sometimes only 0.25 is taken because it does not reach the second entry). With regard to trades. e/u is now at 1.4480. Just closed a long trade entered earlier. +70pips. My initial target was 1.4490. I am concerned that some sellers may show up earlier and take from the gains. If any one advice about how to deal with changes in targets like this, I would be interested to know. Summary: Net: +401pips Cumulative gains: 424pips. Cumulative losses: 23 Number of trades:15 Number of trades with gain:14 Number of trades with loss: 1 Bigggest missed opportunity: It was yesterday. As I commented in a previous post, I was suspicious of the day low of 1.4360. A signal came in afterhours, at 1.4310. I was not there to take it. I could have take a long trade with a retreat last evening to 1.4325. I hesitated and missed. I could have been a great trade as I had 1.4480 as the target which was hit during the night (europe session). It would have been more than 155 pips, close to 50% of the pips production based on yesterday's tally. PS: I placed a small order to test whether I would have been filled had stayed with aim to reach my initial target. I put a tiny sell order at 1.44892. Let us see if I would get filled, and if I get filled how long it would take and whether it would happen without a retreat from current 1.4480 level.
e/u at 1.4606. My fingers (and my left ball) are itching, which, judging by the past, can be a sign for me to consider a trade. Where are the mods? This thread needs you.
e/u at 1.4640. I am trying the short side. There seems to be trapped bears. I may have to be patient.
Closed at 1.4625. +15pips. I will not watching it, so I thought to better take the profits in case trapped bears bring it back up.