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Closed the short at b/e +1 tick :(

I shorted the December contract at 1.2782 with a wide stop of 30 pips. I'll keep the stop flexible.

I'm in waiting mode here too. I'm also getting choppy mode signals.

I think we all have been there. The little voices in our head try to persuade us that this time is"different" and it's OK to pile up the contracts....

Did you increase your leverage while you were losing? High leverage can easily lead to paralysis...

I'm not trading until tomorrow's US session. I think this is "small" shorts covering after the late Friday run-up.

I can't backtest it since the entry direction decision is kind of fuzzy. But the entry triggers and trailing stop are mechanical. I don't have problems with losses from trades that were taken according to the plan. But losses from impulsive trades create exactly what you were describing--a...

My system has two entry parts. Part 1 is the long, short or flat decision which is discretionary--this is of course a blend of art and science. It is based on mainly volume and correlated instruments and some other factors. Part 2 is the actual entry trigger which is quite mechanical. For...

I strayed away from my trading plan today. I was short biased (that's OK). If I traded according to the plan, I would have taken only two short trades and lose about 16-20 pips. I took four short trades and lost about 26 pips. Actually, in terms of loss, it's not a big difference. However, the...

Yes, best move of the US session is happening after RTH. Looks like more new highs are coming up!

Ouch! I'm very glad that I stopped trading about an hour ago. With my short bias I would have doubled my daily loss!!!!

The "magician" managed to pull about 25 ticks from my account today. It was a tough day for me. I see many overlapping candlesticks in the short term charts. Most of my losing trades usually have 4-8 ticks MFE. If I don't catch a trend day, I tend to slowly bleed. I think my P/L would be better...

We've seen some kind of "cusps" in both directions last 60 mins. It looks like stops were checked in both directions. I think we might see some interesting moves here. Hopefully towards the south :) Edit: It's like a magician waving hands to distract people from his real intention :)

I've in this short trade for 90 minutes. It went against me 3 ticks and for me 8 ticks. I'm still patiently waiting for a reversal here. At least, it's keeping me from overtrading :) Tight range here....

I think Google is correlated well with EURUSD :) Today's hot stock is GOOG. Anyway, I'm looking at GOOG level II. It's almost discontinuous....My eyes are strained in two minutes :)

You are right about Fridays. There's a good chance that one tries to fix things and then slowly dies in small chop.

Both are in upswing. I'm getting tempted to close my short and stay flat. But I'll fade myself this time :) Edit: The upswing volume is still low. This is making me biased against the validity of this run up.

Gringinho, I don't understand what you are getting at with the order book observations. Do you mean they are flashing large orders and then pulling them back and trading the previous small orders below them? Could you please also clarify your suggestion for watching the volume towards the...

Shorted again at 1.2631 with 4 ticks stop. Still the volume is not that strong.

I got stopped out on this short trade. Once I got stopped out, EURUSD went down 10 ticks, ouch. Anyway, I still have short bias but I'll wait and see how this thing dances around. The upside swings are in relatively small volume compared to the earlier sharp sell-off.