The carnage I mentioned will have to wait for another set of trades: those four trades I threw up on twitter went as planned, more-or-less. By that I mean: my only regret is money management on exits in this instance: late at night and tired, I settled for generic stops on two of them, rather than evaluating S/R more closely to determine appropriate objectives. I decided to close out the remaining two (G/J and E/G) bleary-eyed and groggy this morning, giving little time to evaluate but preferring to take profit to flatten things out. Left some pips on the table in both cases as a result.
In the order placed:
- GBP/USD: SHT 161.50; TP @ 160.50. +100 pips
- GBP/CHF: SHT 1.7527; TP @ 174.27. +100 pips
- EUR/GBP: Long .8640; closed manually @ .8689: +49 pips
- GBP/JPY: SHT 149.09; closed manually @ 147.71: + 138 pips
Not a bad night.
Good stuff. Did you enter the trade at the early Asian session?
Comment by Gav — July 13, 2009 @ 5:21 am
Nice!!!
I should disappear for 4 months too
Comment by Jules — July 13, 2009 @ 5:35 am
Hey Gav,
Thanks, and yep: earlier in Asia:
GBP/USD at 10:20 p.m.
GBP/CHF, EUR/GBP at 10:54 p.m. (inverse correlation trade, there)
GBP/JPY at 11:59 p.m. (waited to ensure that one closed below pitchfork line)
Times are E.T.
Comment by andrewunknown — July 13, 2009 @ 7:37 am
I didn’t stop trading for 4 months, though: my decision to begin calling trades as they happen just had a…fortuitous beginning. If you ran away for 4 months (it was really only 3, since we’re counting), I have a feeling half of the retail traders on the Internet would organize a search party for you!
Comment by andrewunknown — July 13, 2009 @ 7:40 am