Thursday, October 21, 2010
Ground Zero + 10 Days
Never Give Up, Stay On Track.
Currency gave a solid profit from GBP. I entered based on Bollinger contraction and Wedge Pattern. Exit 30 ticks too early, but still for me 30 ticks is quite big.
Meanwhile, I stood by on Crude Oil. Entered cautiously with QM, stopped out as expected, quite a while I entered the CL since I was stopped out strangely by QM.
This is one of tiresome fighting. I short, stopped out, raise/lower the Stop Loss, eaten. The most annoying thing when my 81.90 long eaten by merely 3 ticks before flying up again. Then I long 1 CL not based on system, another 1 based on CL at the price near the peak. Of Course I exit partially, then scaling up again on discretion trade, exit partially again.
I was offered to breakeven (Crude Trade) in a glimpse, didn't take it and another break even. Result -$20 after gaining $140 on Currency.
Already wanted to give up, I saw a crisp short pattern forming, What the Hell, entered on QM again. Stopped out again, re-enter QM at the same price again. Price broke down very slowly, stall on 82.00 - 82.15. Down again to 81.68, it retraced back threatened my 10cent profit SL within only 2 tick before it came down. Cover @ 81.60 and the Oil went down to 80-ish :(
Nett : +$196
Another great price on oil, another mediocre result in me.Whyyyyy????
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