Good morning trade4success,
i am trading the FESX, too.
Why do you think a short?
i am trading the FESX, too.
Why do you think a short?
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- Thread starter trade4succes
- Start date
Because they expect a rise in the ifo, while the sentiment in Germany doesn't foretell a rise. Data just came out that the public sentiment about the current government is at an all time low.
The first trade of the day was easy! right after the opening it was hoovering around 83/84, i saw the bunds ticking up. Sold 82's and covered at 77. system is down now.
The first trade of the day was easy! right after the opening it was hoovering around 83/84, i saw the bunds ticking up. Sold 82's and covered at 77. system is down now.
To be honest, Just lost the 5 points again, by bad entry (chasing) and then bad exit (waiting too long). wanted to take advantage of the big offer at 2200 by shorting it, didn't get the fill, then started chasing (because a little man inside told me to get in aggressively when you want to get in, which is not the same as chasing).
How do you set your stops? I have stops from 3 to 5 points.
Stops are just get out as soon as it's not going my way (1 points, sometimes 2 points). Unfortunately I am losing my discipline last days. This is going to be the major issue for me now. It is costing me plenty and plenty of money.
What is your entry signal and profit objective?
What is your entry signal and profit objective?
entry: retracements in trends or after breakout; going for 5 to 10 points most of time
exit at target, but I have to learn to let my profits run sometimes and use a trailing stop if it is a strong move
exit at target, but I have to learn to let my profits run sometimes and use a trailing stop if it is a strong move
Not too much happened. ifo .1 lower than expected, a short would have made you a few points. i think it was m3 that was the trigger though.
missed the move, but i stay away from numbers most of the time anyway
up 5 ticks for the day
up 5 ticks for the day
Bund keeps on ticking down, just like the euro. when things turn around i go looking for a short again.
not too good of a day, -9. made a few stupid mistakes. I am writing down my trades now, this way i'll remember the mistakes better and i think it helps!
not too good of a day, -9. made a few stupid mistakes. I am writing down my trades now, this way i'll remember the mistakes better and i think it helps!