31 Aug 2009

End of month fixing caused a wobble for the dollar which fell at the same time as equities and crude and killed my sterling trades
So That's what is was then!
Cheers Nic


Well, went live with three trades today:
1. Cable short at 16238 Stop at 16353 above BEOB the reentred on 15m S/Star stop at star top.
2. FTSE Fut short at 4880 Stop at 4950 above 1hr S/Star
3. Audusd short at .8365 stop at 8476 above dly S/Star

I knew I should not have entred the Cable trade as there was a 4hr Pin against it. But like a mong I did it anyway. What happened to trading reversals with first having a TL break then strong move back to that TL high or LH or LL?? PATIENCE!! The daily cable was a clear example of Barb Wire. NEVER trade barb wire! Again! Right!

See charts below: