Chinook's EUR/USD (E/$)Mumblings

Today's lesson for short-term traders: Don't fall in love with a particular direction.

I caught most of this last fall. I scaled out half after +8 tick profits then trailed the rest. Perfect trade for me. Usually I go for all at once without scaling which screws things up.
 
I covered some shorts around here, but the rest of the short position that I plan on keeping for a while made me hesitate going long for a trade there and missed a good one. Scalping around a core position is very tough mentally for me, and right now I'm on the verge of giving up the longer time frame for just intraday (although volatility on days like today and friday kinda stick in your mind, meanwhile most days are just chop).

Sigh just missed another one. If there's one thing about my trading I'd like to turn around, it's to be more aggressive when I'm up than when I'm down on the day, rather than the opposite

:(
 
Quote from illiquid:

I covered some shorts around here, but the rest of the short position that I plan on keeping for a while made me hesitate going long for a trade there and missed a good one. Scalping around a core position is very tough mentally for me, and right now I'm on the verge of giving up the longer time frame for just intraday (although volatility on days like today and friday kinda stick in your mind, meanwhile most days are just chop).

Sigh just missed another one. If there's one thing about my trading I'd like to turn around, it's to be more aggressive when I'm up than when I'm down on the day, rather than the opposite

:(
More...

Good job!

Mixing positions from different time-frames absolutely never worked for me. It creates tremendous confusion, hesitation and guilt.
 
Quote from trade-ya1:

Our good friend Coinz is back under the name fxsniper. Should be entertaining. Of course he is predicting a EUR crash below 1.2000. LOL
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I bet he is still in the same trade, averaging down periodically and having to add several dollars to his original $1 position. :D
 
Quote from trade-ya1:

Our good friend Coinz is back under the name fxsniper. Should be entertaining. Of course he is predicting a EUR crash below 1.2000. LOL
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Hehe! I guess he kept on adding to his longs on his a penny/tick account :)
 
btw- For those that have it, is your Bloomberg TV working? Mine has been down for 20 minutes (only Bloomberg) and I don't want to waste time calling the cable company if it's a Bloomberg problem.

Thanks,

TRADERguy
 
Quote from chinook:


Mixing positions from different time-frames absolutely never worked for me. It creates tremendous confusion, hesitation and guilt.
More...

That's the rub, if I was in a purely scalping mindset I would have only been able to sit through a fraction of the move down today. Tough compromise.
 
Quote from chinook:

Good job!

Mixing positions from different time-frames absolutely never worked for me. It creates tremendous confusion, hesitation and guilt.
More...

I hear taking trades in the same direction of different timeframes can be good
 
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