Uncle's Trading Journal

[Uncle]

I'm thinking that almost everyone with half of a brain has figured EUR is going up -- so now it follows that moves up will be heavier as more passengers on board, so think the retracements/shake outs have to be stronger / more violent to the downside -- don't want to trade it from the short side just yet but will be patient and look for good entry point to go long..

 

[ammo]

eur 460 looks like res to the upside ,could return to that nip

 

[Uncle]

in for half position size at 1.45864, planning to add other half at 1.4582 if it gets there with stop for whole position at 1.4577

Edit: target on half if it goes other direction is under 1.46

 

[Uncle]

Quote from Uncle:

in for half position size at 1.45864, planning to add other half at 1.4582 if it gets there with stop for whole position at 1.4577

Edit: target on half if it goes other direction is under 1.46

out at 1.45967 on 250k

Account value now 14,680

 

[Uncle]

re-entered trade for full size at 1.4578 -- setting stop at 1.4570 -- with target at 1.4590

 

[Uncle]

Quote from Uncle:

re-entered trade for full size at 1.4578 -- setting stop at 1.4570 -- with target at 1.4590

With spot at 1.4584 moving stop to 1.4575

 

[Uncle]

Quote from Uncle:

With spot at 1.4584 moving stop to 1.4575

Stopped out

I just decided that I am going to go watch a movie -- it's a little slow and I'm losing focus -- going to watch Ayn Rand's Atlas Shrugged Part 1 -- yesterday I saw Water for Elephants which was long and below expectations..

 

[ammo]

Quote from Uncle:

I'm thinking that almost everyone with half of a brain has figured EUR is going up -- so now it follows that moves up will be heavier as more passengers on board, so think the retracements/shake outs have to be stronger / more violent to the downside -- don't want to trade it from the short side just yet but will be patient and look for good entry point to go long..

imagine everyone as a fishbowl and morgan,goldman,standing above with a net

 

[Uncle]

Got back from the movie -- not bad and probably escaped what would've been a bad trading session as I was trading the EUR from the long side and it dropped from 1.4575 when I left to a low of 1.4525..

Got back and entered a long 450K EUR trade at 1.4539 -- just sold at 1.45484..

Account Value 14,927 unless something dramatic happens in the next 15-20 mins, i am probably done for the night..

 

[Uncle]

I went long the EUR for full size at 1.4517 and stopped myself out at 1.4510.. debating whether to re-enter long now at 1.4512