A day in the life of a real trader

Squeal Trader said:
I don't plan on trading the FOMC tonight as I find the action to be too whippy and am not expecting the FED to make any changes to their taper commitment of 10bn per month. Much rather come in 2mw morn and catch a retrace once ive digested the news and seen the markets initial reaction to it.
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:D
 
As we discussed earlier i was waiting for a retrace on this Euro and have managed to get entry at 13601 to go short. Ive got a real tight stop on this because frankly, I don't trust this euro and if i am wrong i will want out quick.
 
Squeal Trader said:
As we discussed earlier i was waiting for a retrace on this Euro and have managed to get entry at 13601 to go short. Ive got a real tight stop on this because frankly, I don't trust this euro and if i am wrong i will want out quick.
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Ok nice to see my stop worked as resistance to stop this upmove. as i mentioned in my first post i always place my actual stop a few ticks above the technical level i have chosen. Now that the trade has seen a firm rejection from these highs i have moved my stop to sctach. if price gets back up to 136 i am not going to want to be in this trade.

We've also had decent new home sales numbers which should help this euro down a bit more. ive adjusted my profit targets also
 
What a miserable trade - I am out this Euro with 5 ticks profit. It was looking good at 1 point but Cable's reluctance to get below 16990 meant euro stayed supported.

Never ever short the euro.
 
I do not believe that this type of manual intraday trading of EURUSD is long term stable & profitable...
Maybe you should rather spend your time studying cointegration of FX pairs...
 
Morning, Have just been entered short here on bund at 14625 with stop above 14633. Dovish comments from Carney on the wires this morning, weak ifo numbers (but not that weak). has caused a decent equity sell off also. Lets see how this bund plays out. im also awaiting entries on estoxx and euro so will post those also if i get filled.
 
Carney and Miles dovish comments have caused a nice sell off this morn on cable so have caught this retrace back up to test yesterdays support for an extended move lower. Cable has not been my friend recently and i have my stop above 170. if it gets back above there then i am wrong and want to be out of this trade ASAP
 
Have been in both my bund and cable trade now for over an hour. Bund found perfect resistance at my entry but it is struggling to move down. I am aware that I am counter trending it as well so my stop is now at scratch.

Cable trade looking a lot better. Again it found decent resistance at yesterdays support and my stop placement meant i gave the trade enough room to wiggle. only a few ticks away from target 1 so stop now at scratch also.

Glad to be risk free from here on out.
 
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