Uncle's Trading Journal

Discussion in 'Journals' started by Uncle, Apr 1, 2011.

  1. Uncle

    Uncle

    Taking a long 1.4789 stop below 1.4780 target 1.48
     
    #251     May 2, 2011
  2. Uncle

    Uncle

    Thanks for the kind words happy you're enjoying
     
    #252     May 2, 2011
  3. Uncle

    Uncle

    out 1.4799 -- think i should've stuck with it a couple of more pips
     
    #253     May 2, 2011
  4. Uncle

    Uncle

    I had taken a couple of trades earlier that (took a short early in the morning and then took a long later in the afternoon)..

    after this trade, I am currently at 20,300.. (still no withdrawal -- kind of annoying that they haven't withdrawn my 1,250 yet)..

    let's see if this time I can get it to 21k.. one more good trade..

    which btw is the name of the book "one good trade" that every daytrader should read..
     
    #254     May 2, 2011
  5. Uncle

    Uncle

    violent downturn here 22 pips from 1.4810 to 1.4788 -- re-entered my original trade not looking to be too greedy here -- maybe 5 pips on both stop and target from here 1.4789
     
    #255     May 2, 2011
  6. Uncle

    Uncle

    chickened out and exited 1.4788.. feels like i'm in a poker tourney and playing too tight with 5 tables to go..
     
    #256     May 2, 2011
  7. Uncle

    Uncle

    going to be patient -- wait for the breakout here -- silver is holding up after the mini-crash later in the day.. so should bode well for EUR but feels like things are getting out of whack so plan is to watch patiently and wait for a good set-up..

    a buy where I can call below 1.4865 my stop or a sell above 1.4810.. best though is being able to quickly catch and ride a breakout.. preparing myself mentally for a break to the downside..
     
    #257     May 2, 2011
  8. Uncle

    Uncle

    fake breakout to the upside? taking a short 1.4794.. stop above 1.48.. biasing my trades with my predispositions?
     
    #258     May 2, 2011
  9. Uncle

    Uncle

    out 1.4789
     
    #259     May 2, 2011
  10. Uncle

    Uncle

    be patient be patient be patient.. fighting urge to go long here at 1.4784

    Edit: too dangerous to go short also.. wish i stuck with my original short a little longer
     
    #260     May 2, 2011