Thursday, March 11, 2010

2010-03-11 finally


Finally I'm able to blog, It started 03/09 night, I was longing the e/u when it's dropping from 1.3600 to 1.3550, it started with a small range play and then another catch of falling knife, then revange, finally when I'm too tired to trade and have to go to sleep, it reach the bottom. I did have 2 orders got filled at the bottom, but I was too scared as I was running 5x on size, so I moved my stop to BE right after the entry, it was then stopped out.

The next morning 03/10, I was shorting this, same pattern, not the chart pattern, but my behavior pattern. I was down -200 pips at the worst case.

The night of 03/10, I was added to my short position whenever there is a pop, but coupldn't hold on to them as I'm taking the profit on the way down. The average price I got was 4x at 1.3658, and it did reach 1.3620 level, my target was 1.3608. And I moved my stop to 1.3640, it was stopped out.

Then this morning 03/11, price topped at just below 1.3690, I was shorting it, got some profit and closed all position, then it dropped to 1.3655, I was long on the way down, and closed all position at 1.3668, right before it take off to 1.3682.

Finally, I reduced my size, now I'm holding a short at price of 1.3674, with stop at 1.3690, target 1.3656.

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