Friday, November 4, 2011

Three trades

I'm still having trouble pulling the trigger on many of my trades after my analysis so last night I went back to demo and placed some trades I had some reason to go on. Currently, my runner on EU is up +20, Aussie is at -15, and my pending sell on the Swissy as the neckline of the previous H&S formation ran right back down for +51 right now. My TPs on EU and Aussie were BARELY missed this morning and are now on the way back up. I'm considering just moving my EU stop loss to BE and letting the Aussie run with a tighter stop since it's still in the negative by a bit.

EDIT: Closed all my open positions for net +61 pips. A little sad that I missed out on the spike down earlier today, but it's a Friday. Could've closed closer to +270, but I'll take any of these levels no problem. My TPs were too big for single day targets, but that's alright, I know better now, and besides I still took profit down.

EDIT 2: I looked back over my trades for today, and realized the same thing I did last night. I should have moved my Euro and Aussie TPs up because I expected them to turn back to the topside once the Swissy started taking off south. That's exactly what happened but I didn't move my TPs. Would've closed much higher today, but that's not a big deal. One thing I was happy about is I placed a pending sell on the Swissy and as you'll see on the attached chart, price pushed up just six pips past my sell target and then rocketed back down for some good profit levels.

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