Closed at break even!
After the bad news I am thinking to short the dollar even if I am not sure about anything at this point.
Short USD/JPY position at 98.44
SL 98.65
TP 97
Bad news are coming on a raw but the USD stands still. This is a good new for the bulls and bad one for my last trade! Of course!
Now I don’t understand how traders are buying USD so I have a big problem to accept my loss and cut it short!
I am very angry! Troubles on the air…for myself!
SL moved at 99
Closed at 98.35 (+9 pips)
Total: +192 pips
Stop too close and threw away 30 pips! Blaaaaaah! But like always the market came back and killed my position for just one pipette! It is unbelievable!
[QUOTE=Trasimaco; 523278] Stop too close and threw away 30 pips! Blaaaaaah! But like always the market came back and killed my position for just one pipette! It is unbelievable![/QUOTE]
Stop complaining and carry on!
Short USD/JPY at 98.18
SL 98.25
Closed at 98 (+18pips)
Total: +210 pips
I have the impression I never make enough pips or waste too much. I don’t get if it is normal or I am making some mistake in my strategy. I maybe move to earlier the SL to break even or too close to the price to bank some pips.
Maybe I should either close the trade before it retrace or keep the stop to the original place. But then what is better, a lot of small profits or few very big? Who knows!
I would also like to cut the losses short and let profits run. However I do often the opposite because I don’t like to take a loss and because I don’t like lose profits.
I think I have to work hard to find the right balance in my strategy and risk sometime small profits to catch the big one.
I am also not happy I missed shorting the Cable and now I feel it is maybe too late.
Short USD/JPY at 97.83
SL already at break even
Prefer not to risk anything waiting NY market to open.
You have some pips in the bag, nice. Do you have a target to cover?
For sure I will chicken out and take some profit very soon but I think this pair could go really really deep. In 2 hours we will have the news. If it will disappoint I guess we will go down big time. If it comes out good I would advise to sell any rallies.
You know, I am afraid to lose my small profits and that the pair will come back and hit my stop lose but all the signs point down. 97, maybe even 96.
The week is long. A war will maybe start, US have a big problem with debit ceiling, Japan with Abe that want to raise Tax and also US GDP could disappoint big time on Wednesday.
If you are long better wait for better days. You can buy very deep…maybe next week.
Around 98.50 are reported nice selling interests so the pair could retrace a bit.
Of course this is only my opinion. Don’t take it as trading advice please!
Closed at 97.35 (+48 pips)
Total: 258 pips!
Short USD/JPY at 98.47
Hopefully it is not too early!
SL already at break even.
The entry seems very well timed as the one before. In both cases I short as soon as a double top showed on the M1 ( of course this doesn’t always work or happen. Been lucky!)
It is going down for now but I am not sure the bulls have given up yet! Hopefully they will!
Hopefully we are going down to 97…little by little!
Around 97 there should be good bids. I will place a buy order there hoping to catch 10-20 fast pips in the way up before selling again. Let’s see if it will work!
The pair has found support around 97.15 Bulls are bringing it back up. Seems like my strategy won’t work out. Still up 14 pips. Don’t know if bank it or let it go.
May be some traders from Europen markets are taking some profits before heading home. Let’s see what will happen once London market will close!
I should have thought about it and bank 25 pips. Too late!