Tuesday, December 9, 2008

Quick reaction

It started bad. I failed to take profit on first two eur/usd trades and close both at -13 half size pips. I was under impression of yesterday bad trading and I wanted bigger profits contrary to what market gave me. Than I had nice scalp win in gbp/usd. Again trade in eur/usd around the same area. Suddenly Europe pairs started to lose ground quickly. I closed last eur/usd trade in a loss and re shorted. Also I shorted gbp/usd. Well you can see on the chart how did that go. I took profits and shot for another wave down. In eur/usd I tried for third. Well in the end I went from a loss for the day of -13 full size pips to final +20 full size pips.

I'm glad that I reacted so quickly when weakens came. I got back all today losses and majority of yesterday's. It would be better if I took profit on time in first two trades but I will not complain.

6 comments:

ORION MACHINE said...

HOLY SHIT... THOSE CHARTS LOOK ALMOST EXACTLY LIKE SOMETHING I WOULD DO!!! KICK ASS TRADING BRO, KICK ASS. by the way I had another sweet ass day.

You see how awesome it can be when you just let the market tell you what to do?

ORION MACHINE said...

DUDE, we both got out of our last trade at the same time... how cool is that? Maybe we were connected eh? haha, very proud of your trading today there was a massive difference in you. Normally I think you would have just quit with some losses, but no, not today. You stuck to it and came out on top. You ROCK.

FX said...

Actually my last trade was at the time when you had your losing streak after 6am your time.
I was excited too when I finished, opened youtube with Hevad Khan clips and screamed BULLDOZER!!
:D

I'm glad that you had that great day after first losses, and that you stayed to collect more than 2% target.

Anonymous said...

HAHAAAAAAAAAA BULLDOZER!!!! I saw that vid you had awhile back!! HAHAHA I think I might start rewarding myself with watching that video every time. that was freaking HILARIOUS!! i can just imagine you over there screaming "BULLDOZER" "I PLAY THIS GAME TO WIN!!!"

ORION MACHINE said...

whoops, got so excited i forgot to put my name...

StockHunter said...

Congrats, nice job reacting to what was going on.