I drink your milkshake - Page 2
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Thread: I drink your milkshake

  1. #11
    21:18 Extended UJ 88.734, 0.5 Lot
    Target center band (soft target 89.100)
    SL 88.364

    ...a bit late in my entry

  2. #12
    . . .tired, time to shut it down
    . . .confident trade would have done nicely, though

    23:45 Close Long UJ 88.759, 0.5 Lot, 2.5 pips

  3. #13
    Just got off.
    Dammit, the uj trade was worth about 20 pips.

    Audusd took off w/o me too, lol.

  4. #14
    Been moving into new apt weekly.
    Back to my presentation work.

    Using MT4, MT5 doesnt have enough pairs.
    250,000US equilibrium
    Wouldve posted trade earlier but notebook is slow.
    Downside of leeching unsecured WiFi...

    2010.03.08 19:28 EURUSD; Long 11 lots: 1.3632
    SL 1.3595
    TP 1.3669

  5. #15
    22:47 Closed EURUSD Long 11 lots @ 1.3633 BE

  6. #16
    17:54 EURUSD Sold 11 lots 1.3647; SL 1.3693; TP 1.3601

    will probably be transferring more things into apartment now...
    Couches, mattress, etc..
    Wont be anywhere near my terminal
    A lot of additional'chores' and errands to run...
    My TP SL orders will do the'heavy ling' today

  7. #17
    13:11 altered order SL 1.3684; TP 1.3610

  8. #18
    Closed for yet Another lowsy 1 pip
    Just got my Mattress to my room and can't focus on trading
    Will look into Signs on the 15m 30m after

  9. #19
    Observing, no, stalking the EURUSD (1h candle) motion so tightly the past couple of months - so much is clicking. I am able to see price bounce from level to level and understand why price transferred before it transferred. I'm beginning to understand (from experience) that price can respond just a couple of distinct ways to enclosing SR..

    Indiors can be helpful but they have been a detriment to my own trading up till this point.

    I'm continuing to read to construct sound trading fundamentals and watch the market.

  10. #20
    Extended EUR/USD
    @ 1.48215 13 Oct 2009 10:14 EDT SL 1.4758 - 0.68% Risk

    Moved Long EUR/USD SL to 1.4830 03:58 EDT - 0 percent Risk

    Closed EUR/USD Long
    @ 1.48925 14 Oct 2009 08:20 EDT

    Impact: 0.71% Reward ^71 pips
    Grade: C-
    __________________________________________________

    I purchased the EUR/USD after price broke through 1.48, a level of crucial resistance which acted as a ceiling at September 22-24. When price breaks through key resistance it then becomes crucial support.

    I bought on the initial bounce from 1.48, which proved to work this time, however in hindsight I should have purchased on the second evaluation. The first evaluation of support might have failed, but I was confident enough in the trend strength once I entered.

    My confidence came out:
    - The daily double top was negated
    - The US Dollar Index made a new 14 month non
    - DOW 10,000 was in striking distance and SP was making new highs
    - Gold and Oil were making highs
    - The Euro was shrugging of bearish news
    - Higher time frames weren't overbought
    - My risk was minimal
    - Price action supported my fundamental viewpoint

    I entered this trade with a goal of an original goal of plogical resistance @ 1.50, a gentle goal @ 1.52 depending on the price action.

    I left short of my goal because there was event risk this morning and due to my experience I wasn't certain how to handle the possible volatility of a market moving news release. I was befuddled I closed my position and opted to sit on the sidelines.

    I graded myself a C- because I exited short of my goal and my risk-reward ratio was unsatisfactory, 0.68 percent:0.71%, only a hair above 1:1. The positive of this trade was I did my research and I got out when I didn't understand what I was doing.

    What I learned
    - The US stock market, Commodities, and Gold is inversely correlated with the US Dollar
    - There will be a stabilization of the market preceding event risk

    Long term I'm bearish EUR/USD over the subsequent six months. I initially was looking for a turning point in the pair to the drawback, but when the double-top about the dailies was negated my perspective changed to long term bullish, giving me the opportunity to profit here. Together with 1.50 in striking distance I will search for a set up with good R:R, if not I will wait for trend to begin showing signs of major correction and also seem to brief into it.

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