Monday, May 24, 2010

Chopped and Slammed


Long EUR @ 2511 up to 2518 exit @2512
Another pattern emerged, get out but too late entering new setup

Short JPY @ 1092 stopped @ 1099 Re-entry @ 1090 exit @ 1091
Based on rule, 2nd exit based on EUR reversal

Short EUR @ 2499 stopped @ 2505
Applying setup

Long EUR @ 2504 stopped @ 2503
Pre-Emptive from missing entry

Long EUR @ 2502 scaling up @ 2509
Exit @ 2511 and 2508

Short JPY @ 1086 exit @ 1083

-- Doubt with the continuation

Short EUR @ 2517 faked the breakout
Exit @ 2514 after touching 2491

Long JPY @ 1083 stopped @ 1074
Based on Pattern

Pre-Emptive Re-entry @1077 and scaling up @1084
Exit @1086 and 1089

Long EUR Pre Emptive @2516 stopped @2510
Another Long EUR @2512 stopped @2510

Short EUR Faked @2513 stopped out @2511
Last Attempt before shutting down and EUR diving another 60 tick. F***k !!!

Currency Slam and Chop all night long. Every break followed by deep retracement and shallow follow through.
My stopped were swallowed and the profit from breakthrough won't be enough to cover my losses, had to exit on par.
Widened Stop Loss wasn't sufficient and make matter worse because of price slam. It made the churning stomach and emotional decision.

No comments:

Post a Comment