Wednesday, June 15, 2011

EUR-USD: Short position



Sold EUR earlier today but my trailing stop got hit so I am trying to optimize my stops/trailing now plus the optimal position size. Trading on the bigger time frame gave better returns(pip per se).

Majority of my "winning trades" before came from the short side. Majority of my losses are from choppy movements in the 10-sec frame. Thanks to my uberly stupid position sizing, my losses are greater than my winnings lol.

It really feels easier to make trades on the short side.

Currently focusing on trading 1 pair only which is EUR-USD.
Sold EUR-USD again earlier on bear flag breakout. Let's see how this one pans out.


*Doji candles seems to be working well on the 50EMA.

Trial by Fire

Currently short on EUR-USD, reduced size of the position and applied a suitable stop loss and trailing stops. I probably shorted a little higher, no thanks to my stupid position sizing and stop loss. Now trading on the 15-minute chart with the same triple EMA crossovers.
Caught the entire leg of LCB upswing. Looking to take profits already. Hopefully it registers a new high so I can exit higher. What a pig lol.

10% gain in LCB today vs 1.92% gain in PX(technically 3.84% since it's on margin).