Uncle's Trading Journal

Short 600k at 1.4466 stop at 1.4473 - target 1.4450

 

Stopped out

 

Re-entered short 1.4470 - stop above 1.4480 -- target 1.4450

 

I did something similar last week -- where I stopped myself out only to reenter the same position a few minutes later..

after reviewing, I think it is ok because honoring the stop and then re-evaluating allows me to avoid really fast spikes that gett me locked into a bad price and cloud my judgment..

Here - EUR hitting on a trendline from bottom and volumes higher at lower prices feels more like a shake-out so re-entering position.. my stop may be too wide evaluating and may bring in..

 

running at 98% margin -- with spot now at 1.4465 moving stop down to 1.4475

 

Out everything 1.44603 -- EUR getting very choppy and I am past my 30 minute time limit

Account value 18,322..

 

May take one more trade before I go to sleep from the short side again if we go back to 1.4470 area..

 

short 600K EUR at 1.44717 stop above 1.4480 - target 1.4460

 

With spot at 1.4467 moving stop to 1.4475

 

Out all at 1.4462 - plan to go long if it hits 1.4450 (or even at mid-50s)