Forex price action trading

[momoNY]

I will wait to reenter short around 1.2780, put a limit order. I it gets higher I will short more, stop at 1.2635.

 

[lubba]

are stil trading on saturday ? dont get overtrade, wonder how % your monthly target profit ?

 

[momoNY]

No, it's closed! Just documenting my thoughts.

 

[momoNY]

Shorted at 1.248 stop 1.2512 target 1.238, I don't like the trade but euro seems very weak.

 

[lubba]

quite sideway market today, i expect more pips range today. but seem another retrace, level tested, seem not strong enough

 

[momoNY]

Stopped out at 1.2512 for 32 pips loss. I shouldn't have taken this trade in the first place, I should stick to my plan, one of those too many days!
7 trades, Profit: 280 pips losses 108 pips P/L: +172 pips.
4 winners, 3 losers.
Went short at 1.2575 limit order, stop at 1.2635 target 1.2375, will add more if it pushes higher.

 

[momoNY]

Looks like it will make another push up, I will fade the high. Closed the trade at 1.2448 and went long for a scalp (bad f..ing habit), will short at 1.2575 again. Am I going to count this as a trade? Ok!
8 trades, Profit: 307 pips losses 108 pips P/L: +199 pips.
5 winners, 3 losers.

 

[momoNY]

Scratched last trade. Will reenter short at 1.2554.

 

[momoNY]

Entered short 2 positions at 1.2554 stop 1.2642, target 1.235, fingers crossed!

 

[momoNY]

Unbelievable, I shorted almost at the top 1.2575 and top 1.2577! Even a broken clock is right twice a day, if digital only once. It worked just as I predicted so far.
Moved stop to 1.2580 a little too soon but, if I am stopped out on this pull back, I will reshort; 1.2635 should still hold.
I may try ES soon, when I have more time to focus on both.