Tradingjournals Quest... Turn $100 To $100K or To Ash

Tried my luck on short side at 14682. I hate losses, so I plan to put a stop (maybe one pip) in the green.

update: stopped at 14681. +1pip. I would hate it if it later goes down after stopping me.
 
e/u at 1.4695. I am trying short side using reduced reduced size.

Update: e/u at 1.4689. taking some profits to cover for cost of stops and make a small profit on remaining.
 
Quote from tradingjournals:

e/u at 1.4695. I am trying short side using reduced reduced size.

Update: e/u at 1.4689. taking some profits to cover for cost of stops and make a small profit on remaining.


e/u at 1.4679. I am thinking that I should get out, and wait until it clears 1.4670 (for the moment)..
 
Quote from tradingjournals:

e/u at 1.4695. I am trying short side using reduced reduced size.

Update: e/u at 1.4689. taking some profits to cover for cost of stops and make a small profit on remaining.

e/u at 1.4662. Getting out here, and will decide later after I watch how it handles 1.4660 and below if any. Otherwise, will reassess if it revisits the 1.47ish area.

+33pips.
 
There are a number of people here who seem to like something they call price action. I never really understood what they exactly mean by price action, but it seems to me that they may refer to price revisiting previous price levels where buyers(sellers) may reside.

As an application to e/u this evening, I would think (if my understanding of price action philosophy is correct) that price action bulls may be looking at 1.4658 to 1.4648 area.
 
Quote from tradingjournals:

e/u at 1.4571. I am tempted to take a try on the long side, especially if it descends closer to 1.4560. Counter trend can be very difficult.

e/u at 1.4590. +19pips. I am taking profits.
 
Back
Top