A missed opportunity

Ticket Open Time Type Size Item Price S / L T / P Close Time Price Commission R/O Swap Trade P/L
14984515 2011.09.20 07:57 buy 0.01 audnzdfxf 1.2476 1.2446 0.0000 2011.09.20 13:47 1.2446 0.00 0.00 -2.41

I stuck with my 1% Stop Loss rule, and got taken out. If I had been brave and used 2% I could have been in longer and made some cash.

But because it was soon after the 2 big losses rules needed to be followed.

15005881 - Daring the Euro

I waited for the 3rd candle on the 1 hour to be bullish and stepped in following Big E's method.

The stop was greater than the TP so the risk/reward ratio isn't to hot but I didn't know how high it would go (who does?) and therefore where to put it.

I figured ti's make the .618 so put it just above, in the end it nearly made the 100, but I had to go to bed and couldn't monitor it.

Fools rush in

Sold in a rush at the end of the trend.
On the Monday everybody else was selling in a frenzy so I did too, the spread widened to around 20 from it's usual 7 ish.

Covel's book says it's alright to jump in at the tail, because you don't really know if it's the tail until it's over.

This goes against Big E's method (Trading Made Simple) which has been going ok (overall slightly positive).

Convinced of the fundamental Greece default and inevitable weakening of the EUR.
This trade was in along with a EURUSD - combined they hit 10% of total equity (-$40) so I had to pull one of them.

Still waiting on Sive's prediction for the EURUSD to drop

First thing Monday Morning probably isn't best

fuckit - shoulda held the planned stop loss at 70

what was I thinking?

Instead of buying AUD I bought GBPJPY, I'm not sure what the logic was behind the trade, it might have more room to go up according to the RSI