Monday, October 31, 2011

Last Time BOJ Intervened


Last time was 3rd August and the USDJPY gained 330ish pips and within 5 days was back where they started.
This time round it gained 400ish pips, how long will it take to return to 76.0?

When the Swiss bank stepped in

2011 - 09 -06

I didn't know what was going on and later found the EURCHF was to be fixed at 1.2.

right place right time :)

Going to bed = 1:1 TP




If I can't watch the trade and move the SL then I must set a TP of 1:1!

Wednesday, October 5, 2011

trying 2%


I jumped in on Big Es entry for the Sell. There is definitely a bullish trend but within a channel.

I found the channel after I was in the trade and then looked for support of my trade. The spike was a breakout of the channel, I did find some Fibnode support which is where I put the Stop Loss and I pushed the risk to 2% to give it some breathing room.


The breathing room lasted most of the night but I guess fundamentals or something else pushed it over.

Find more support for the trade before I get in, not after.

Monday, October 3, 2011

playing chicken with the Euro - 15023114


This was also only 56 pips against me on the tallest bar and I'd be 156 pips up by now

listening to AB - 15023555


So this was 56 pips against me to the top of that pin and I'd be 85 pips up by now.
I closed this one manually after an earlier AUDUSD trade got taken out on a 25 pip Trailing Stop.

Shoulda held fast and trusted AB's call