Last night's trade went 30 ticks in my favor before stopping me out for -16 ticks. If I was awake, the stop would have been moved to breakeven. But because this is an overnight trade when I cannot monitor, it is the risk that I am aware of and have readily assumed.
I'm in two positions now.
Not sure how to attach images...it crashes my browser every time I clicked on manage attachments.
Edit** yay it works now
Last edited by DoubleClick; April 30th, 2012 at 04:32 PM.
One can assume Monday to be a slow day but today has been even slower. I'm thinking maybe due to tomorrow being May 1st? A short squeeze was anticipated at the 50% retracement which was where I entered long. Holding through today had been a real test of patience. Slow grind + slowly losing positing took its mental toll. The 61.8% proved to hold its position and we finally saw price climb towards the EOD. I will be holding my position into potentially filling today's gap tomorrow and towards target at 1408.
Euros first target is at 1.3253. However, I am thinking about aiming for the larger PT at 1.33 now that we saw participation at the 1.3217 50% retracement.
So far for the day, I'm in the red from last night's trade and my gains are still unrealized.
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