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Uncle's Trading Journal
- Thread starter Uncle
- Start date
I am short 500k EUR at 1.43125 -- stop at at 1.4322 - target 1.4296.
Edit - wish I waited 2 minutes -- rallied to 1.4316 right after I shorted. Will be watching out carefully for potential after-hour squeeze and will close quickly.. with tomorrow's ECB decision - don't think there is much room for manipulation..
Edit - wish I waited 2 minutes -- rallied to 1.4316 right after I shorted. Will be watching out carefully for potential after-hour squeeze and will close quickly.. with tomorrow's ECB decision - don't think there is much room for manipulation..
Quote from Uncle:
I am short 500k EUR at 1.43125 -- stop at at 1.4322 - target 1.4296.
Edit - wish I waited 2 minutes -- rallied to 1.4316 right after I shorted. Will be watching out carefully for potential after-hour squeeze and will close quickly.. with tomorrow's ECB decision - don't think there is much room for manipulation..
Added another 50k at 1.4315 (97% of available margin) -- moving stop down on all position to 1.4320
EUR moving after about 30 mins of sideways -- breaking to the downside now at 1.4310.. moving stop down to 1.4316.. if it goes back up will have to re-evaluate (with a clear mind).. keeping target at below 1.43.
Hitting on the 30 min time limit that I was targeting for my trades but will be staying with this one..
Hitting on the 30 min time limit that I was targeting for my trades but will be staying with this one..
Quote from Uncle:
EUR moving after about 30 mins of sideways -- breaking to the downside now at 1.4310.. moving stop down to 1.4316.. if it goes back up will have to re-evaluate (with a clear mind).. keeping target at below 1.43.
Hitting on the 30 min time limit that I was targeting for my trades but will be staying with this one..
out of everything at 1.43017 -- might have been a little early to pull the trigger.. thought there may be a bounce off of 1.43 - if it happens will re-enter short
Quote from Uncle:
out of everything at 1.43017 -- might have been a little early to pull the trigger.. thought there may be a bounce off of 1.43 - if it happens will re-enter short
EUR bounced back to 1.43035 and then went through 1.43.. ECB decision coming out in about an hour and I am trying to decide whether to stay up and see what happens or whether i should just go to sleep and have a fresh mind tomorrow.
Feels like it could be a little bit of buy the rumor sell the fact -- If ECB hikes as anticipated then if EUR rallies could be good opportunity to join and then fade.. on the other hand if there are any surprises of no hike (low prob but higher after Portugal asking for aid today) then EUR could be set for downfall.. effects of economic data on EURUSD of late seem to be very temporary as market reactions based on data that pointed to lower EUR have initially sent EUR lower only to see it rally a short while later.. This (ECB) seems to be of higher importance so if surprise decision not sure if market can be steadied as with other economic data..
Other scenario (more likely IMO) is a hike with tempered language denoting low chance of further rate hikes in the near future (even with pressures on inflation).. As I am typing this EUR back at 1.4304..
If I manage to get up before 7:45am tomorrow the plan is to follow any moves to the upside and fade any downside moves.. logic going that short squeeze probably will have more leg to it than a move down which has been very well supported.. i realize that in both these instance I will end up long the EUR -- it's counter my bias so not very thrilled about it but will only be for a very short while.. as this could be highly volatile will be cutting size to half and duration to 10 mins or less..
**Account Value 17,010**
**Account Value 17,010**