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- ChinoCop replied Sep 29, 2010
Ok, I got stopped out. Overall did ok but could have done better. I should have cashed out but was too wedded to my position.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 29, 2010
Hoping that this trendline breaks. If it breaks, I will add more to the position.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 29, 2010
Closed 1/5 of the position last night and added 1/5 back at 113.979
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
In, moved the stop to break even and exited 1/3 of the position
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
It would have been nice to have jumped on the retrace of the big dump of GBP this morning, but I didn't want to jump in front of the consumer confidence numbers. It was too risky. And as we saw, those numbers should have continued the trend but they ...
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
I'm hoping that I'm not creating too many superfluous posts but I'm liking the confluence on E/J
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Ok, I got stopped out again. These are short term trades that if they happen to turn into 100 pips, I will gladly take them. It's frustrating, but I'm following my rules by moving my stop to break even after 20 pips. I didn't take half this time ...
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Here are my thoughts on the possible intermediate direction for G/U
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Ok took another stab at a short on G/U. Price couldn't penetrate that shelf. Needs to break the 38.2 to hit my target between 1.57588 and 1.57332
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Ok, I got stopped out. Made enough money to buy 1 stick of gum.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
I didn't like the price I entered the trade. I have moved my stop to break even. If I get stopped out, at least I got a free trade. That's all I can ask for.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Damn, I placed a market order when I wanted a limit order. I need to double check my order again. Oh well, I'm in the trade right now. In at 1.57977 and looking for 1.57588. The reason I took the trade was because price was throwing pins at the ...
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Had my buy order set too low to catch the bottom on G/U. So I'm waiting patiently.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 28, 2010
Got stopped out on G/U. Came within 22 pips of my tp. Waiting for the next opportunity. Looks like I might get another opportunity to go long.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 27, 2010
Here's why I see 1.57588 as the next level of support. That's my take profit target as there's not much else in terms of major support until that level.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 27, 2010
Closed half of my position at 1.58312. Moved the stop to breakeven
Chinocop's Forex Fiasco
- ChinoCop replied Sep 27, 2010
Something that's giving me hope on this trade is that each successive bounce off of the trendline is less potent; however, since the doldrums of the trading day are approaching, I'm not too confident that my stop will hold.
Chinocop's Forex Fiasco
- ChinoCop replied Sep 27, 2010
I would be better forex trader if I didn't have to sleep
Chinocop's Forex Fiasco
- ChinoCop replied Sep 27, 2010
In reference to the GU chart I posted above, post #17. I took the short based on this possible pattern. I borrowed this chart from url
Chinocop's Forex Fiasco