Uncle's Trading Journal

I'm thinking that almost everyone with half of a brain has figured EUR is going up -- so now it follows that moves up will be heavier as more passengers on board, so think the retracements/shake outs have to be stronger / more violent to the downside -- don't want to trade it from the short side just yet but will be patient and look for good entry point to go long..

 

eur 460 looks like res to the upside ,could return to that nip

 

in for half position size at 1.45864, planning to add other half at 1.4582 if it gets there with stop for whole position at 1.4577

Edit: target on half if it goes other direction is under 1.46

 

out at 1.45967 on 250k

Account value now 14,680

 

re-entered trade for full size at 1.4578 -- setting stop at 1.4570 -- with target at 1.4590

 

With spot at 1.4584 moving stop to 1.4575

 

Stopped out

I just decided that I am going to go watch a movie -- it's a little slow and I'm losing focus -- going to watch Ayn Rand's Atlas Shrugged Part 1 -- yesterday I saw Water for Elephants which was long and below expectations..

 

imagine everyone as a fishbowl and morgan,goldman,standing above with a net

 

Got back from the movie -- not bad and probably escaped what would've been a bad trading session as I was trading the EUR from the long side and it dropped from 1.4575 when I left to a low of 1.4525..

Got back and entered a long 450K EUR trade at 1.4539 -- just sold at 1.45484..

Account Value 14,927 unless something dramatic happens in the next 15-20 mins, i am probably done for the night..

 

I went long the EUR for full size at 1.4517 and stopped myself out at 1.4510.. debating whether to re-enter long now at 1.4512