EURUSD 6E Euro | Currency Futures


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EURUSD 6E Euro

  #1704 (permalink)

Miami FL USA
 
Trading Experience: Advanced
Platform: Ensign 10, NT7 DOM
Broker/Data: IB, IQ
Favorite Futures: Currency Futures
 
Cashish's Avatar
 
Posts: 803 since May 2011
Thanks: 811 given, 2,112 received

I'm flat, I didn't sign-up for this , I'll post a chart in a few minutes.

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I wanted it all this morning. My intention was to get short above the +2 SD Level and hang on! When 2 am came around I had sell orders sitting above the +2 SD Level (10, 12 14 and 16), price traded on even but never reached up for my orders. Then the market fell nicely, without me. I got a sell signal and took it, then I started thinking,,,,, I bet the 80 level will hold and my London Brethren will push the market up and get short on even. So after the first mistake, I made the second. I took profits on the little short and traded against all my indicators and went long anticipating a pop to even, wrong. Thankfully it didn't take long for price to come back to test 80 (now I consider 80 resistance under the VWAP) giving me the opportunity to get unraveled from the longs and get turned around short. Then rigamortis set in. I bailed out of the trade on the push down when the U.S. volume started coming in, I didn't want to sit through another pull back during the U.S. session. This was a four lot, with a four lot when things go bad, they go bad in a hurry.


Last edited by Cashish; August 10th, 2012 at 02:47 PM. Reason: Add Chart
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