Uncle's Trading Journal

Thanks Ammo -- will try to hang on a little longer if we start moving higher again -- though I will not be holding a position through the 2am Germany export/import report.

 

take partial profits let it run with a trailing stop

 

Thanks that's a good idea.. out half at 1.43995 -- long 275k still -- moving stop to 1.4390)

 

stagger your stops also ,100k at 1 price,100k a few pips lower,a few pips higher

 

I think I'm more comfortable getting out all at once because as hard as I try I still struggle with not being 100% objective if I am in a trade -- My thought process improves very rapidly after I am out --- want to avoid as much as possible giving myself the ability to impulse double down on a losing trade which is why I like to be at full buying power..

Appreciate the color and insights -- I followed your commentary in the ES Journal for a long time..

 

stopped out everything (275k) at 1.4390

Account balance now 17,917

 

Re-entered trade full size (550k) at 1.4392 - stop @ 1.4384 -- Target above 1.44

** Exiting ahead of German data at 1.4392 (b/e) **

 

buy low sell high or wait for a break out of range

 

Looks reasonable -- don't usually stay up late -- I see there is a bank of France Business Sentiment at 2:30 followed by a Central Govt Balance at 2:45am -- any of those important at all?

 

3 am they are color coded .. darkest ones have highest weight, brown or green,color blind...http://www.forexfactory.com/calendar.php?do=geteventinfo&day=2011-4-8&c=2